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Renewal of Certificate

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Full Text of the Document

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....CHEDULE-VI of these Regulations at least ninety (90) days before the expiry of the certificate. Provided that the IIIO shall pay applicable additional fee by way of penalty, if the renewal application does not reach the Authority thirty (30) days prior to the date on which the registration ceases to remain in force, but reaches before the date on which such registration expires; Provided fur....

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Full Text of the Document

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....y of the contract. (2) The provisions of Regulations 6 and 7 as applicable to the grant of registration shall also apply to an application for renewal of registration of an IIIO. (3) An IIIO whose certificate is expired and is pending for renewal, shall not engage in any fresh insurance business except for servicing the existing policyholders till the renewal of registration. (4) The Bran....