Part II — PROVISIONS APPLICABLE TO INSURERS

Section 40CLimitation of expenses of management in general insurance business

Section 40C: Limitation of expenses of management in general insurance business

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

[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.]

Amendment notes (1)
  1. Subs w.e.f. 26-12-2014 . Subs. by Act 5 of 2015, s. 47, for sections 40B and 40C (w.e.f. 26-12-2014).