Section 3A
Payment of annual fee by insurer.
About this Act
An Act to consolidate and amend the law relating to the business of insurance.
1[3A. Payment of annual fee by insurer.-- (1) An insurer who has been granted a certificate of
registration under section 3 shall pay such annual fee to the Authority in such manner as may be specified
by the regulations.
(2) Any failure to deposit the annual fee shall render the certificate of registration liable to be cancelled.]
(2) Any failure to deposit the annual fee shall render the certificate of registration liable to be cancelled.]
Notes
1. Subs. by Act 5 of 2015, s. 7, for section 3A (w.e.f. 26-12-2014).