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[Cites 0, Cited by 0] [Section 42B] [Entire Act]

Union of India - Subsection

Section 42B(1) in The Insurance Act, 1938

(1)No insurer shall, after the expiration of seven years from the commencement of the Insurance (Amendment) Act, 1950 (47 of 1950), appoint, or transact any insurance business in India, through a principal agent.