The Insurance Act

Investment of assets

Further provisions regarding investments

Provisions regarding investments of assets of insurer carrying general insurance business

Investment by insurer in certain cases

Manner and conditions of investment

Prohibition for investment of funds outside India

Statement and return of investment of assets

Prohibition of loans

Liability of directors, etc.,for loss due to contravention of section 27,27A,27B,27C,27D or section 29

Assets of insurer how to be kept

Provisions relating to managers, etc

Power to restrict payment of excessive remuneration

[Omitted.]

Prohibition of common officers and requirement as to whole-time officers

Insurance business in rural and social sectors

Obligations of insurer in respect of rural or unorganised sector and backward classes

Obligation of insurer in respect of insurance business in third party risks of motor  vehicles


INVESTMENT, LOANS AND MANAGEMENT 


An insurer may invest not more than five per cent.
in aggregate of his controlled fund or assets as referred to in sub-section (2) of section 27 in the
companies belonging to the promoters, subject to such conditions as may be specified by the regulations.

LAWGIST

# 27C Investment by insurer in certain cases