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Section 36: After section 32C of the Insurance Act, the following Insertion of section shall be inserted, namely

Insurance Laws (Amendment) Ordinance 2014Central Ordinance · No. 4 of 1938

"™S e a i o" 26 THE GAZETTE OF INDIA EXTRAORDINARY [PART II— 18 of2013.

"32D. Every insurer carrying on general insurance business shall, after the commencement of the Insurance Laws (Amendment) Ordinance, 2014, underwrite such minimum percentage of insurance business in third party risks of motor vehicles as may be specified by the regulations:

Provided that the Authority may, by regulations, exempt any insurer who is primarily engaged in the business of health, re-insurance, agriculture, export credit guarantee, from the application of this section.".

Where this provision sits

ActInsurance Laws (Amendment) Ordinance 2014
Section36
Marginal noteAfter section 32C of the Insurance Act, the following Insertion of section shall be inserted, namely
JurisdictionCentral
StatusIn force as published by the source

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