The Insurance Act

Investment of assets

Further provisions regarding investments

Provisions regarding investments of assets of insurer carrying general insurance business

Investment by insurer in certain cases

Manner and conditions of investment

Prohibition for investment of funds outside India

Statement and return of investment of assets

Prohibition of loans

Liability of directors, etc.,for loss due to contravention of section 27,27A,27B,27C,27D or section 29

Assets of insurer how to be kept

Provisions relating to managers, etc

Power to restrict payment of excessive remuneration

[Omitted.]

Prohibition of common officers and requirement as to whole-time officers

Insurance business in rural and social sectors

Obligations of insurer in respect of rural or unorganised sector and backward classes

Obligation of insurer in respect of insurance business in third party risks of motor  vehicles


INVESTMENT, LOANS AND MANAGEMENT 


1[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.]


LAWGIST

# 31B Power to restrict payment of excessive remuneration