Section 105B

Penalty for failure to comply with sections 32B, 32C and 32D.

The Insurance Act, 1938

  • Act 4 of 1938
  • Ministry of Finance
  • Department of Financial Services
About this Act

An Act to consolidate and amend the law relating to the business of insurance.

All sections
    1[105B. Penalty for failure to comply with sections 32B, 32C and 32D. --If an insurer fails to comply with the provisions of section 32B, section 32C and section 32D, he shall be liable to a penalty not exceeding twenty-five crore rupees.]

Notes

1. Subs. by s. 90, ibid., for sections 105B and 105C (w.e.f. 26-12-2014).

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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