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PLATINUM INSURANCE COMPANY LTD. versus EXECUTIVE DIRECTOR (INSURANCE)


Sections 41 and 158 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), the section 33 insurance company re-establishing a renegotiation of the insurance contract with the fraudulent insurance corporation and applying for a fine appeal during the inspection of the insurance books, It was impressed that the company maintained its insurance contract with the insurance corporation under which there was no office. The appellant company was not prosecuted and the appellant was fined Rs. 1 lakh illegally. The insurance corporation said. And also said that the corporation appellant also forged false insurance documents in violation of section 158 of the appellant's insurance ordinance 2000, which in these circumstances was partly fined, one of the insurance arrangements. Was. In the absence of insurance company registration requirements and such management, no insurance company will be allowed to work.

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