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accounts admitted liabilities amalgamation or transfer applicant under section apply in relation appointment approval assigned by section authorised agent balance sheet body corporate books or papers broker or salesman cancellation of registration carry on insurance carrying on long centum class of insurance Clause commit an offence Companies Act 1984 contract of insurance court deemed document foreign company Fourth Schedule Inspector Insurance Advisory Committee insurance agent insurance broker insurance business carried insurance industry insurance salesman insurer in respect investigation liability in respect long term insurance margin of solvency material particular Minister notice in writing paragraph payment policyholders prescribed proposed provisions pursuant to section pursuant to subsection refusal to register register an applicant registered insurer carrying relevant person repealed Act reserve fund rupees section 13 Section 21 section 47 section 56 share capital specified statement Statutory Reinsurer sub-paragraph Sub-Part Subject to subsection suspension or cancellation term insurance business term insurance fund