A lead insurer who fails to pay the co-insurers premiums received o their behalf within 7 days of receiving such premiums will be liable to a penalty 0 10 times ...

A lead insurer who fails to notify all the co-insurers within 24-hours a er receiving the insurance premium shall be liable to a penalty of 1,000 penalty unit i ...

Any insurer, who fails to remit reinsurance premiums on local facultative  contracts within 48 hours after receiving the premium from the insured after t e ...

Any insurer who fails to pay commissions to brokers after receiving th premiums from the insured within 7 days shall be liable to a penalty of 5 times the amoun ...

Any insurer who, after receiving all documents requested, fails to pay any admissible claim within the stipulated period of 4 weeks per the Claims Management Gu ...

Any insurer who fails to notify the insured within the stipulated period of 12 days after receipt of all relevant documents to the determination of liability, s ...

Penalty For Breach Of The 'No Premium No Cove Directive ...