An insurer shall, [before the expiry of three months from the date on which the premiums in respect of a policy of life insurance were payable but not paid], give notice to the policy-holder informing hi m of the options available to him [unless these are set forth in the policy.]
Section 50: Notice of options available to the assured on the lapsing of a policy.
The Insurance Act, 1938Central Act · Act 4 of 1938
Where this provision sits
| Act | The Insurance Act, 1938 |
|---|---|
| Section | 50 |
| Marginal note | Notice of options available to the assured on the lapsing of a policy. |
| Jurisdiction | Central |
| Status | In force as published by the source |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- substituted, Act 11 of 1939. Subs. by Act 11 of 1939, s. 20, for "within three months of the lapsing of policy of life insurance".
- added, Act 13 of 1941. Added by Act 13 of 1941, s. 35 (w.e.f. 8-4-1941).
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