Section 3A of IA : Section 3A: Payment Of Annual Fee By Insurer
IA
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Explanation using Example
Imagine a company called "SafeHeaven Insurance" that provides health insurance plans to consumers. They have a certificate of registration from the insurance regulatory authority, which allows them to operate legally. According to Section 3A of The Insurance Act, 1938:
- Each year, SafeHeaven Insurance mus...
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