The Insurance Act

Prohibition of payment by way of commission or otherwise for procuring business

[Omitted.]

Limitation of expenses of management in life insurance business

Limitation of expenses of management in general insurance business

Prohibition of rebates

Appointment of insurance agents

Prohibition of insurance business through principal agent, special agent and multilevel    marketing

Issue of registration to intermediary or insurance intermediary

Commission, brokerage or fee payable to intermediary or insurance intermediary

Register of insurance agents

Power to call for information


COMMISSION AND REBATES AND LICENSING OF AGENTS 


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.] 

LAWGIST

# 40C Limitation of expenses of management in general insurance business