https://www.taxtmi.com/caselaws?id=297054 Renewal commission under Section 44(1) of the Insurance Act, 1948 was treated as a statutory entitlement governed strictly by the provision's conditions. Proviso (c) denies renewal commission where an agent has served continuously and exclusively for at least ten years and, after ceasing to act as agent, directly or indirectly solicits or procures insurance business for another person. As the LIC agent resigned and joined a competing insurer, the statutory bar applied and renewal commission was not payable. The challenge to proviso (c) as unconstitutional also failed, as the restriction was held to form part of the regulatory scheme for commission payment. en-us Tue, 15 Jan 2013 00:00:00 +0530 Tue, 17 Aug 2021 15:53:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297054 Renewal commission under Section 44(1) of the Insurance Act, 1948 was treated as a statutory entitlement governed strictly by the provision's conditions. Proviso (c) denies renewal commission where an agent has served continuously and exclusively for at least ten years and, after ceasing to act as agent, directly or indirectly solicits or procures insurance business for another person. As the LIC agent resigned and joined a competing insurer, the statutory bar applied and renewal commission was not payable. The challenge to proviso (c) as unconstitutional also failed, as the restriction was held to form part of the regulatory scheme for commission payment. Case-Laws Indian Laws Tue, 15 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297054