2013 (1) TMI 1019

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....ed:- 15-1-2013<br>WP(C).No. 30018 of 2009 (V) - -<br>Indian Laws<br>THE HONOURABLE MR.JUSTICE A.M.SHAFFIQUE 15-01-2013 FOR THE APPELLANT : BY ADV. SRI.RAJU K.MATHEWS FOR THE RESPONDNT : ADV. SRI.LAL GEORGE JUDGMENT The petitioner was a Life Insurance Corporation(LIC) agent who later on resigned with effect from 31/12/2008. The writ petition is filed since the subsequent commission on r....

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....r alia contending that the liability to pay renewal commission under Section 44(1) arises only if all the conditions stipulated are complied and in terms of the Section 44(1) (c) of the Insurance Act, there is no obligation to pay the commission if the agent who was inclusively working for LIC for 10 years resigns and join a competitive company. In this regard it is contended that the above positi....

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....r: " Prohibition of cessation of payments of commission: (1) Notwithstanding anything to the contrary contained in any contract between any person and an insurance agent providing for the forfeiture or stoppage of payment of renewal commission to such insurance agent, no such person shall, in respect of life insurance business transacted in India, refuse payment to an insurance a....