Lawgist44APower to call for information
1[44A. Power to call for information.--For the purposes of ensuring compliance with the provisions of sections 40, 40B and 40C, the Authority may, by notice--
(a) require from an insurer such information, certified if so required by an auditor or actuary, as it may consider necessary;
(b) require an insurer to submit for its examination at the principal place of business of the insurer in India, any books of account, register or other document, or to supply any statement which may be specified in the notice;
(c) examine any officer of an insurer on oath, in relation to any such information, book, register, document or statement and the insurer, shall comply with any such requirement within such time as may be specified in the notice.]
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1. Subs. by s. 55, ibid., for sections 44A and 45 (w.e.f. 26-12-2014).
- 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
