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Penalty for not making out policy or making one not duly stamped. | Indian Stamp (Chhattisgarh Amendment) Act, 1899 | LAWGIST

Indian Stamp (Chhattisgarh Amendment) Act, 1899

CRIMINAL OFFENCES AND PROCEDURE

Penalty for not making out policy or making one not duly stamped.

§66

Summary

Any person who-- (a) receives, or takes credit for, any premium or consideration for any contract of insurance and does not, within one month after receiving, or taking credit for, such premium or consideration, make out and execute a duly stamped policy of such insurance; or (b) makes, executes or delivers out any policy which is not duly stamped, or pays or allows in account, or agrees to pay or allow in account, any money upon, or in respect of, any such policy; shall be punishable with fine which may extend to two hundred rupees. STATE AMENDMENT Arunachal Pradesh.-- Amendment of sections 66,-- In section 66, in clause (b), for the words"two hundred rupees", the words "five hundred rupees" shall be substituted. [Vide Arunachal Pradesh 3 of 2010, s. 2]

<span style="margin-left:15px;"></span>Any person who--<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(a) receives, or takes credit for, any premium or consideration for any contract of insurance and does not, within one month after receiving, or taking credit for, such premium or consideration, make out and execute a duly stamped policy of such insurance; or<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(b) makes, executes or delivers out any policy which is not duly stamped, or pays or allows in account, or agrees to pay or allow in account, any money upon, or in respect of, any such policy;<br> <span style="margin-left:15px;"></span>shall be punishable with fine which may extend to two hundred rupees. <br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><b>STATE AMENDMENT</b><br> <span style="margin-left:15px;"></span> <b>Arunachal Pradesh.--</b><br> <b>Amendment of sections 66,--</b><br> <span style="margin-left:15px;"></span>In section 66, in clause (b), for the words"two hundred rupees", the words "five hundred rupees" shall be substituted.<br> <br>[<i>Vide</i> Arunachal Pradesh 3 of 2010, s. 2]<br><br>

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