10/2/2013 The BIMA Bill 2012
passed by Lok Sabha recently would come into force after its approval by the
Rajya Sabha and assent by the President of India. The new law will have far
reaching impacts, especially in areas where we as professionals are most
concerned. Significant proposed amendments will be deliberated upon in the
emergent meeting.
VIEWS:-1.FDI Partners in
the Indian Insurance Companies from 26% to 49%
2.Existing Provision on Insurance Act 1938
Sec40,40A,41,44,45(Commission or otherwise for procuring business, Limitation
of expenditure on Commission, Prohibition of rebates, Prohibition of cessation
of payment of commission, Interest of policy
holder.
3.Amendments proposed to be made
by IRDA.(Penalty,Commissione ,Few Sec omitted.
4.Expectations of LIAFI (Hereditary commissione our right,no
changes agent commissione,Need to be preserved as it is &others benefit.
JAGO
-- INSURANCE AGENT
Protest INSURANCE AMENDMENT BILL -2008
"AN
OBSTACLE MAY BE EITHER A STEPPING STONE or
A
STUMBLING BLOCK "
vinay mohanty
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