EAST WEST INSURANCE COMPANY LIMITED versus EXECUTIVE DIRECTOR (INSURANCE), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Sections 20 (4) (R) and 33 Insurance Ordinances (2000 XXIIX of 2000), Sections 2 (XXV), (ii), 11 (1) (D), 41 59A and 156 are the same. Issuing Different Policies on Risk Different policies were issued by the insurance company at the same risk, the company retained multiple premium appointments, rather than a single retention, which was in violation of the terms and conditions of its insurance treatment company. His insurance was at risk of premature termination by the Treaty Executive. The director of the commission (insurance), expressing dissatisfaction with the company's response to show cause notice, had been fined Rs 500,000 by the Securities and Exchange Commission of Pakistan under an anonymous order. ) Under the Securities and Exchange Commission of Pakistan Act, 1997, the regulatory insurance contract, including the Insurance Commission, was assigned the powers to oversee the insurance business arrangements described in section 41 of the insurer. Nce Ordinance, 2000; First, under Section 41 (2) of the Insurance Ordinance 2000, insurance contracts were to be submitted to the commission by an insurer. Secondly, the relevant insurer will submit details of the contract modification to the Commission, or a new contract entered into under section 41 (3) of the Insurance Ordinance 2000 may finally instruct the insurance company to amend the insurance arrangements in the terms ? Under Section 41 (4) of the Insurance Ordinance 2000, Section 41 (1) of the Insurance Ordinance 2000 gave the directors of a company the right to decide whether the insurance arrangements were appropriate in this regard to ensure continued compliance. Can be made. Insurance by the insurance company
Related judgments — Securities and Exchange Commission of Pakistan, 2011
