(P.M. ACT 1 OF 1963)
INSURANCE ACT, 1963

PART II - CONDUCT OF INSURANCE BUSINESS
Deposits, registers of policies and insurance funds

Section 13. Enforcement of requirements as to registers of policies and insurance funds.

(1) If a Federation insurer makes default in complying with the provisions of section 9 to 12, the Commissioner may by notice in writing require the insurer to make good the default.

(2) If the insurer does not make good the default within one month after the notice is given, the High Court may on the application of the Commissioner make such order against the insurer or any director or officer of the insurer as the High Court thinks fit with a view to making good the default and otherwise securing compliance by the insurer with sections 9 to 12.

(3) Nothing done undet this section shall affect any person's liability for any offence against this Act.

Copyright © 2006 PNMB-LawNet. All rights reserved.