Insurer - Indian Laws - General

As per clause (9) of section 2 of the Insurance Act, 1938 . Insurer means -- (a) an Indian Insurance Company, or (b) a statutory body established by an Act of Parliament to carry on insurance business, or (c) an insurance co-operative society, or (d) a foreign company engaged in re-insurance business through a branch established in India. Explanation. -- For the purposes of this sub-clause, the expression foreign company shall mean a company or body established or incorporated under a law of any country outside India and includes Lloyd's established under the Lloyd's Act, 1871 (United Kingdom) or any of its Members;