[Penalty for contravention.14. (1) Where any person contravenes any of the provisions of sub-section (1), sub-section (2), sub-section (2A) or sub-section (2C) of section 4, he shall be liable to penalty equal to the amount of annual premium for insurance policy and may extend to twice the amount of such premium.(2) Where contravention under subsection (1) continues, an additional penalty may be imposed by the adjudicating officer, which shall not exceed the amount of premium to be paid, for each month or part thereof during which the contravention continues.]
1. Substituted by the Jan Vishwas (Amendment of Provisions) Act, 2023, w.e.f. 1-4-2024. Prior to substitution, section 14 as amended by the public Liability Insurance (Amendment) Act, 1992, w.e.f. 31-1-1992, read as under:"14. Penalty for contravention of sub-section (1) or sub-section (2) of section 4 or failure to comply with directions under section 12.-(1) Whoever contravenes any of the provisions of sub-section (1) or sub-section (2) or sub-section (2A) or sub-section (2C) of section 4 or fails to comply with any direction issued under section 12, he shall be punishable with imprisonment for a term which shall not be less than one year and six months but which may extend to six years, or with fine which shall not be less than one lakh rupees, or with both.(2) Whoever, having already been convicted of an offence under sub-section (1), is convicted for the second offence or any offence subsequent to the second offence, he shall be punishable with imprisonment for a term which shall not be less than two years but which may .... To read the full section download the app from Google Play store
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