Section 44 in The Insurance Act, 1938
Union Government Act Section 44 in The Insurance Act, 1938 1[44. Prohibition of cessation of payments of commission.— (1) Notwithstanding anything to the contrary contained in any contract between any person and an insurance agent providing for the forfeiture or stoppage of payment of renewal commission to such insurance agent, no such person shall, in respect of life insurance business transacted in India, refuse payment to an insurance agent of commission due to him on renewal premium under the agreement by reason only of the termination of his agreement, except for fraud: Provided that— (a) such agent ceases to act for the insurer concerned after the Central Government has notified in the Official Gazette that it is satisfied that the circumstances in which the said insurer is placed are such as to justify the agent’s ceasing to act for him; or (b) such agent has served the insurer continually and exclusively in respect of life insurance business for at least five y...