LawgistThe Insurance Act
40CLimitation of expenses of management in general insurance business
1[40C. Limitation of expenses of management in general, health insurance and re-insurance business. --Every insurer transacting insurance business in India shall furnish to the Authority, the details of expenses of management in such manner and form as may be specified by the regulations made under this Act.]
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1. Subs. by Act 5 of 2015, s. 47, for sections 40B and 40C (w.e.f. 26-12-2014).
COMMISSION AND REBATES AND LICENSING OF AGENTS
- 40 Prohibition of payment by way of commission or otherwise for procuring business
- 40A [Omitted.]
- 40B Limitation of expenses of management in life insurance business
- 40C Limitation of expenses of management in general insurance business
- 41 Prohibition of rebates
- 42 Appointment of insurance agents
- 42A Prohibition of insurance business through principal agent, special agent and multilevel marketing
- 42D Issue of registration to intermediary or insurance intermediary
- 42E Commission, brokerage or fee payable to intermediary or insurance intermediary
- 43 Register of insurance agents
- 44 [Omitted.]
- 44A Power to call for information
