1[3A. Payment of annual fee by insurer.-- (1) An insurer who has been granted a certificate of registration under section 3 shall pay such annual fee to the Authority in such manner as may be specified by the regulations.
(2) Any failure to deposit the annual fee shall render the certificate of registration liable to be cancelled.]
1. Subs. by Act 5 of 2015, s. 7, for section 3A (w.e.f. 26-12-2014).
Previous
Sec 3 — Registration.
Next
Sec 3B — Certification of soundness of terms of life insurance business.
Disclaimer: This section is reproduced for general informational and reference purposes only. Always verify against the latest official gazette and consult a qualified advocate before relying on any provision.