Section 44(1)(b) in The Insurance Act, 1938

[Cites 0, Cited by 1] [Section 44(1)] [Section 44] [Entire Act]

Union of India - Subsection

Section 44(1)(b) in The Insurance Act, 1938

(b)such agent has served the insurer continually and exclusively in respect of life insurance business for at least five years and policies assuring a total sum of not less than fifty thousand rupees effected through hi m for the insurer were in force on a date one year before hi s ceasing to act as such agent for the insurer, and that the commission on renewal premiums due to hi m does not exceed four per cent, in any case; or

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Union of India - Subsection

Section 44(1)(b) in The Insurance Act, 1938