Section 40CCentral Act
Section 40C: Limitation of expenses of management in general insurance business.
1[40C. Limitation of expenses of management in general, health insurance and re-insurance business. --Every insurer transacting insurance business in India shall furnish to the Authority, the details of expenses of management in such manner and form as may be specified by the regulations made under this Act.]
1. Subs. by Act 5 of 2015, s. 47, for sections 40B and 40C (w.e.f. 26-12-2014).
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Sec 40B — Limitation of expenses of management in life insurance business.
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