LexSection 31B — Power to restrict payment of excessive remuneration.
The Insurance Act, 1938
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.]Open in Lexace · Ask the AI about this section