Exposure draft of IRDAI (Manner of Determination of Compensation to Shareholders on Merger of an Insurer under a Scheme Prepared under Section 37A) Regulations, 2020
Section 37A (4A) of the Insurance Act, 1938 reads as under: “(4A) Every policyholder or shareholder or member of each of the insurers, before amalgamation, shall have the same interest…