Section 27: Power to reduce amounts of insurance in certain cases. - An acquiring company may, having regard to its financial condition on the 13th day of May, 1971 or the financial condition on the said date of any existing insurer whose undertaking has been transferred to and vested in it under this Act reduce the liabilities which have arisen under contracts of general insurance entered into before the said date in such manner and subject to such conditions as it thinks fit:

Q: What does Section 27 of The Insurance (Amendment) Act, 2021 (TIAA) deal with?

Section 27 TIAA pertains to "Power to reduce amounts of insurance in certain cases. - An acquiring company may, having regard to its financial condition on the 13th day of May, 1971 or the financial condition on the said date of any existing insurer whose undertaking has been transferred to and vested in it under this Act reduce the liabilities which have arisen under contracts of general insurance entered into before the said date in such manner and subject to such conditions as it thinks fit:". It is part of the The Insurance (Amendment) Act, 2021, a legislation enacted by the Parliament of India. Section 27 of The Insurance (Amendment) Act, 2021 (TIAA) governs power to reduce amounts of insurance in certain cases. - An acquiring company may, having regard to its financial condition on the 13th day of May, 1971 or the financial condition on the said date of any existing insurer whose undertaking has been transferred to and vested in it under this Act reduce the liabilities which have arisen under contracts of general insurance entered into before the said date in such manner and subject to such conditions as it thinks fit:. As verified on 19 May 2026.

Q: Is Section 27 TIAA still in force?

Yes, Section 27 of the The Insurance (Amendment) Act, 2021 is currently in force across the Republic of India.

Q: What is धारा 27 TIAA?

धारा 27 TIAA is the Devanagari Hindi reference for Section 27 of the The Insurance (Amendment) Act, 2021. Section 27 of The Insurance (Amendment) Act, 2021 (TIAA) governs power to reduce amounts of insurance in certain cases. - An acquiring company may, having regard to its financial condition on the 13th day of May, 1971 or the financial condition on the said date of any existing insurer whose undertaking has been transferred to and vested in it under this Act reduce the liabilities which have arisen under contracts of general insurance entered into before the said date in such manner and subject to such conditions as it thinks fit:. As verified on 19 May 2026.

Q: What is Dhara 27 TIAA?

Dhara 27 TIAA is the Roman Hindi reference for Section 27 of the The Insurance (Amendment) Act, 2021. "Dhara" means "Section" in Hindi. Section 27 of The Insurance (Amendment) Act, 2021 (TIAA) governs power to reduce amounts of insurance in certain cases. - An acquiring company may, having regard to its financial condition on the 13th day of May, 1971 or the financial condition on the said date of any existing insurer whose undertaking has been transferred to and vested in it under this Act reduce the liabilities which have arisen under contracts of general insurance entered into before the said date in such manner and subject to such conditions as it thinks fit:. As verified on 19 May 2026.

Q: How to cite Section 27 of The Insurance (Amendment) Act, 2021?

Cite as: "Section 27, The Insurance (Amendment) Act, 2021 (TIAA)" in legal briefs. For academic writing, use the BlueBook format: The Insurance (Amendment) Act, 2021, § 27 (India).

Law on Tips Editorial Board

⚖

Loading…

Section 27 TIAA (The Insurance (Amendment) Act, 2021): Power to reduce amounts of insurance in certain cases. - An acquiring company may, having regard to its financial condition on the 13th day of May, 1971 or the financial condition on the said date of any existing insurer whose undertaking has been transferred to and vested in it under this Act reduce the liabilities which have arisen under contracts of general insurance entered into before the said date in such manner and subject to such conditions as it thinks fit: | Law on Tips | Law on Tips