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[Section Index]

The Insurance Act, 1938

( ACT NO. IV OF 1938 )

[ 26th February, 1938 ]

Part IV

MUTUAL INSURANCE COMPANIES AND
CO-OPERATIVE INSURANCE SOCIETIES

Definitions
95. (1) In this Part-
 
 
 
 
(a) “Mutual Insurance Company” means an insurer, being a company incorporated under the Companies Act, 1913, or under the Indian Companies Act, 1882, or under the Indian Companies Act, 1866, or under any Act repealed thereby, which has no share capital and of which by its constitution only and all policy-holders are members; and
 
 
 
 
1[(b) “Co-operative Insurance Society” means an insurer, being a society registered under any law governing the registration of co-operative societies.]
 
 
 
 
2[* * *]
 
 
 
 
(2), (3) and (4) 3[Omitted by section 12 of the Insurance (Amendment) Ordinance, 1984 (Ordinance No. L of 1984).]
  • 1
    Clause (b) was substituted by section 12 of the Insurance (Amendment) Ordinance, 1984 (Ordinance No. L of 1984)
  • 2
    The proviso to clause (b) was omitted by section 3 and the Second Schedule of the Bangladesh Laws (Revision And Declaration) Act, 1973 (Act No. VIII of 1973).
  • 3
    The word “Life” was omitted by section 12 of the Insurance (Amendment) Ordinance, 1984 (Ordinance No. L of 1984)
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