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The Insurance Act, 1938

( ACT NO. IV OF 1938 )

Notice to and hearing of Chief Controller of Insurance
1[106A. (1) When application is made to the Court for the making of any order to which this section applies the Court shall, unless the Chief Controller of Insurance has himself made the application or has been made a party thereto, send a copy of the application together with intimation of the date fixed for the hearing thereof to the Chief Controller of Insurance, and shall give him an opportunity of being heard.
(2) The orders to which this section applies are the following, namely:-
(a) an order for the attachment in execution of a decree of any deposit made under section 7 or section 98;
(b) an order under section 9 or section 59 for the return of any such deposit;
(c) an order under section 36 sanctioning any arrangement for the transfer or amalgamation of life insurance business or any order consequential thereon;
(d) an order for the winding up of an insurance company or a provident society;
(e) an order under section 58 confirming a scheme for the partial winding up of an insurance company;
(f) an order under section 89 reducing the amount of the insurance contracts of a provident society.]

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    Section 106A was inserted by section 14 of the Insurance (Amendment) Act, 1940 (Act No. XX of 1940)
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