Insurance Act, 1938 · Chapter II: Provisions Applicable to Insurers · Commission and rebates and licensing of agents
Section 40C: Limitation of expenses of management in general insurance business
Every insurer transacting insurance business in India shall furnish to the Authority, the details of expenses of management in such manner and form as may be specified by the regulations made under this Act.]
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 40C
No Supreme Court judgment in our database cites this section yet.