Insurance Act, 1938 · Chapter IIC: Solvency Margin, Advance Payment of Premium and Restrictions on the Opening of A New Place of Business
Section 64VC: Restrictions on the opening of a new place of business
[64VC. Restrictions on opening of new place of business.—No insurer shall, after the commencement of the Insurance (Amendment) Act, 1968 (62 of 1968), open a new place of business or close a place in India or outside India or change otherwise than within the same city, town or village, the location of an existing place of business situated in India or outside India, except in the manner as may be specified by the regulations.]
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 64VC
No Supreme Court judgment in our database cites this section yet.