এই আইনটি বীমা আইন, ২০১০ (২০১০ সনের ১৩ নং আইন) দ্বারা রহিত করা হইয়াছে।
CONTENTS
SECTIONS
1. Short title, extent and commencement
2A. Insurers to be subject to this Act while liabilities remain unsatisfied
2C. Prohibition of transaction of insurance business by certain persons
3AA. Insurers not to transact both life and general insurance business
3B. Rates, terms and conditions of operation of an insurer
3BB. Basis for determination of premium rates
3BBB. Determination of premium rates for general insurance business
3C. Provisions relating to collection of premiums
3D. Provisions relating to reinsurances and insurances abroad
3E. Licensing of branch offices of insurers
3F. Restriction on issue of certain policies at new rates, etc.
5. Restriction on name of insurer
6. Requirements as to capital and share-holdings
10. Separation of accounts and funds
11. Accounts and balance-sheet
13. Actuarial report and abstract
14. Register of policies and register of claims
17. Exemption from certain provisions of the Companies Act, 1913
19. Abstract of proceedings of general meetings
20. Custody and inspection of documents and supply of copies
21. Powers of Chief Controller of Insurance regarding returns
22. Power of Chief Controller of Insurance to order revaluation 23. Evidence of documents
25. Returns to be published in statutory forms
26. Alterations in the particulars furnished with application for registration to be reported
27A. Insurers of general insurance business to have assets invested in Bangladesh
27B. Restriction on certain investments, etc.
28. Statement of investments of assets
30. Liability of directors, etc., for loss due to contraventions of sections 27 and 29
31. Assets of insurer how to be kept
32. Appointment of managing agent prohibited
32A. Power to restrict payment of excessive remuneration
32B. Provisions relating to managers, etc.
33. Power of Chief Controller of Insurance to order investigation
34A. Power to give directions to the insurer
34B. Power to require calling of meeting of directors, etc.
34C. Power to remove Chairman, Director, etc., of the insurer
35. Amalgamation and transfer of Insurance business
36.Sanction of amalgamation and transfer by Court
37. Statements required after amalgamation and transfer
38.Assignment and transfer of insurance policies
39.Nomination by policy-holder
40. Prohibition of payment by way of commission or otherwise for procuring business
40A. Limitation of expenditure on commission
40B. Limitation of expenses of management in life insurance business
40C. Limitation of expenses of management in general insurance business
42. Licensing of insurance agents
42A. Certificates to employers of agents
42B. Powers to ensure compliance with certain provisions
43. Register of insurance agents
43A. Provisions of contracts with agents
44. Prohibition of cessation of payment of commission
44A. Insurance surveyors to hold certificates
45. Policy not to be called in question on ground of mis-statement after two years
46. Application of Bangladesh law to policies issued in Bangladesh
47. Payment of money into Court
47A. Dispute over claims on life policies of small amount
47B. Interest on late settlement of claims
47C. Dispute over motor insurance claim
47D. Qualifications of Chairman, etc.
47H. Procedure and Powers of the Board
47J. Recovery of the claim as decided
47K. Notice to and hearing of insurance companies
47L. Other Jurisdiction of Board
48. Directors of insurers being companies
48A. Restriction on the life insurance agents’ becoming directors of Life Insurance Companies
48B. Restriction on becoming directors of insurers
48BB. Directors of insurers being public subscribers
48BBB. Restriction on appointment of nominated director
48BBBB. Chairman and Vice-Chairman
48C. Appointment of Chief Executives of insurers
49. Restriction on dividends and bonuses
49A. Distribution of profits on life insurance business among policy-holders
50. Notice of options available to the assured on the lapsing of a policy
50A. Special provision in respect of certain life insurance policies
51. Supply of copies of proposals and medical reports
52. Prohibition of business on dividing principle
52A. When Administrator for management of insurance business may be appointed
52B. Powers and duties of the Administrator
52C. Powers of Administrator respecting property liable to attachment under section 106
52D. Cancellation of contracts and agreements
52E. Termination of appointment of Administrator
52F. Finality of decision of appointing Administrator
52G. Penalty for withholding document or property from Administrator
52H. Protection of action taken under sections 52A to 52D
56. Application of surplus assets of life insurance fund in liquidation or insolvency
57. Winding up secondary companies
58. Schemes for partial winding up of insurance companies
61. Power of Court to reduce contracts of insurance
62. Power of Government to impose reciprocal disabilities on non-Bangladesh companies
63. Particulars to be filed by insurers established outside Bangladesh
64. Books to be kept by insurers established outside Bangladesh
65. Definition of “provident society”
66. Restrictions on provident societies
71. Certain provisions of Part II to apply to provident societies
73A. Restriction on name of provident society
78. Publication of authorised capital to contain also subscribed and paid-up capital
80. Revenue account, balance-sheet and annual statements
81. Actuarial report and abstract
82. Submission of returns to Chief Controller of Insurance
83. Actuarial examination of schemes
84. Separation of accounts and funds
87.Inquiry by or on behalf of Chief Controller of Insurance
87A. Amalgamation and transfer of insurance business
88. Winding up by Court and voluntary winding up
89. Reduction of insurance contracts
90A. Application of Act to liquidators
93. Dissolution of provident society
94. Nominations and assignments
97. Working capital of Mutual Insurance Companies and Co-operative Insurance Societies
98. Deposits to be made by Mutual Insurance Companies and Co-operative Insurance Societies
99. Transferees and assignees of policies not to become members
101. Supply of documents to members
102. Penalty for default in complying with, or act in contravention of this Act
103. Penalty for transacting insurance business in contravention of sections 3, 7 and 9
104. Penalty for false statement in document
105. Wrongfully obtaining or withholding property
106. Power of Court to order restoration of property of insurer or compensation in certain cases
106A. Notice to and hearing of Chief Controller of Insurance
107. Previous sanction of Attorney General for institution of proceedings
108. Power of Court to grant relief
110A. Delegation of powers and duties of Chief Controller of Insurance
110C. Powers to call for information
112. Declaration of interim bonuses
113. Acquisition of surrender values policy
114. Power of Government to make rules
114A. Power to amend Schedules
114B. Powers of the Chief Controller
116A. Summary returns to be published
117. Saving of provisions of Companies Act, 1913
119. Inspection and supply of copies of published prospectus, etc.
120. Determination of market value of securities deposited under this Act
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