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The Insurance Act, 1938

( ACT NO. IV Of 1938 )

Determination of premium rates for general insurance business
1[3BBB. The Chief Controller of Insurance shall, at intervals of not less than one year, determine, in consultation with the insurers carrying on general insurance business, the rates of premium for such insurance business.]

  • 1
    Section 3BBB was inserted by section 4 of the Insurance (Amendment) Act, 1990 (Act No. XXVI of 1990).
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