[31B. Power to restrict payment of excessive remuneration. -- No insurer shall in respect of insurance business transacted by him, shall pay to any person by way of remuneration, whether by way of commission or otherwise in excess of such sum as may be specified by the regulations.]
Section 31B: Power to restrict payment of excessive remuneration.
The Insurance Act, 1938Central Act · Act 4 of 1938
Where this provision sits
| Act | The Insurance Act, 1938 |
|---|---|
| Section | 31B |
| Marginal note | Power to restrict payment of excessive remuneration. |
| Jurisdiction | Central |
| Status | In force as published by the source |
How this provision has been amended
Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.
- substituted. . Subs. by s. 32, ibid., for section 31B (w.e.f. 26-12-2014).
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