3A. Payment of annual fee by insurer
3A. Payment of annual fee by insurer.— (1) An insurer who has been granted a certificate of registration under section 3 shall pay such annual fee to the Authority in such manner as may be specified by the regulations.
(2)
Any failure to deposit the annual fee shall render the certificate of registration liable to be cancelled.
Amendment notes (1)
- Subs w.e.f. 26-12-2014 . Subs. by Act 5 of 2015, s. 7, for section 3A (w.e.f. 26-12-2014).