Chapter-5 Provision on Capital Fund and Shares Allotment of Insurer

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Sections

Section 36: Paid Up Capital of the Insurer
Section 37: May order capital reduction
Section 38: Insurance Fund
Section 39: Compulsory Reserve Fund
Section 40: Catastrophic Fund
Section 41: Claim Payable Fund and Reserve Fund
Section 42: Assets to be maintained more than liabilities
Section 43: Restriction on Distribution of Dividend
Section 44: Allotment of Shares
Section 45: Prospectus and Issue of Shares
Section 46: Restriction on sold, mortgaged, or transferred

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