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Section 104

Penalty for Contravention of Sections 27, 27a, 27b, 27d and 27e.

The Insurance Act, 1938
1[104. Penalty for contravention of sections 27, 27A, 27B, 27D and 27E. --If a person fails to comply with the provisions of section 27, section 27A, section 27B, section 27D and section 27E, he shall be liable to a penalty not exceeding twenty-five crore rupees.]




1. Subs. by s. 88, ibid., for sections 103 and 104 (w.e.f. 26-12-2014).