Section 12 in The Insurance Regulatory and Development Authority (Sharing of Database for Distribution of Insurance Products) Regulations, 2010 [Entire Act]
Database for Distribution of Insurance Products) Regulations, 2010
12. Liability for action in case of default by the insurance company. -
An insurer that(a) fails ... with the referral company; (b) fails to furnish any information or furnishes wrong information to the Authority relating to the referral arrangement as required under