INTRODUCTION


An Act to provide for the taking over, in the public interest, of the management of general insurance business pending nationalisation of such business. WHEREAS it is expedient in the public interest that general insurance business should be nationalised; AND WHEREAS it is expedient that pending such natinalisation, adequate steps should be taken to protect the interest of the policy-holders; BE it enacted by Parliament in the Twenty-second Year of the Republic of India as follows:-

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