Renewal of Certificate of Registration

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....al fee as specified by the Authority, shall be submitted by the IWA in the format specified in SCHEDULE - 4 at least ninety (90) days before the expiry of the certificate of registration. The indicative list of documents to be submitted along with renewal application are specified in SCHEDULE - 5; Provided that the IWA shall pay applicable additional fee by way of penalty, if the renewal applic....

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....te of submission of the such renewal application. However, during the interregnum, the certificate of registration earlier granted to the IWA shall cease to exist and it shall not solicit any new business, except servicing the existing policies till the expiry of the contract. (2) The provisions of regulations 6, 7 and 8 as applicable to the grant of certificate of registration shall also apply....