LawgistThe Insurance Act
52CCancellation of contracts and agreements
The Administrator may, at any time during the continuance of his appointment with respect to an insurer and after giving an opportunity to the persons concerned to be heard, cancel or vary (either unconditionally or subject to such conditions as he thinks fit to impose) any contract or agreement (other than a policy) between the insurer and any other person which the Administrator is satisfied is prejudicial to the interest of holders of life insurance policies.
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MANAGEMENT BY ADMINISTRATOR
- 52A When Administrator for management of insurance business may be appointed
- 52B Powers and duties of the Administrator
- 52BB Powers of Administrator respecting property liable to attachment under section 106
- 52C Cancellation of contracts and agreements
- 52D Termination of appointment of Administrator
- 52E Finality of decision appointing Administrator
- 52F Penalty for withholding documents or property from Administrator
- 52G Protection of action taken under sections 52A to 52D
