Section 105BCentral Act

Section 105B: Penalty for failure to comply with sections 32B, 32C and 32D.

The Insurance Act, 1938

¹[105B. Penalty for failure to comply with sections 32B, 32C and 32D. --If an insurer fails to comply with the provisions of section 32B, section 32C and section 32D, he shall be liable to a penalty not exceeding twenty-five crore rupees.]

1. Subs. by s. 90, ibid., for sections 105B and 105C (w.e.f. 26-12-2014).

Sec 105A — Offences by companies.

Sec 105C — Power to adjudicate.

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