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[Cites 0, Cited by 0] [Section 27A(7)] [Section 27A] [Entire Act]

Union of India - Subsection

Section 27A(7)(b) in The Insurance Act, 1938

(b)in the case of any other insurer carrying on life insurance business--
(i)all his funds in India, if he carries on no other class of insurance business;
(ii)all the funds in India appertaining to his life insurance business if he carries on some other class of insurance business also; but does not include any fund or portion thereof in respect of which the Authority is satisfied that such fund or portion thereof, as the case may be, is regulated by the law of any country outside India or in respect of which the Authority is satisfied that it would not be in the interest of the insurer to apply the provisions of this section.