evsjv‡`k †M‡RU, AwZwi³, Ryb 14, 2018 7201
131. Penalty for providing false information in document, statement,
account, return etc.
If a person makes a statement or furnishes any document,
statement, account, return or report which is false of which he either knows or
believes to be false or does not believe to be true, he shall be punished with
imprisonment for a term which may extend to 3 (three) years, or shall be liable to
fine not exceeding Taka 5 (five) lac, or with both.
132. Penalty for carrying on insurance business in contravention of
certain sections.
If any person contravenes the provisions of sections 8,
23,41,43,46 or 119, he shall be liable to fine not exceeding Taka 5 (five) lac for
each such contravention.
133. Misleading statement, promise of forecast for the purpose of
inducing to enter into contract of insurance.
Any person who, by any
statement, promises or forecasts which he knows to be misleading, false, or
deceptive, or by any fraudulent marking of any statement or forecast which is
misleading, false of deceptive, attempts to induce another person to offer to enter
into any contract of insurance with an insurer shall be charged for this offence
and shall, on conviction, be punished with fine not exceeding Taka 10 (ten) lac,
or with imprisonment for a term not exceeding 3 (three) years, or with both.
134. Personal fine for default in complying with, or act in contravention
of this act.
Except as otherwise provided in this act, any director, share holder,
chief executive officer, manager or other officer of the insurer or broker or any
partner, surveyor or other officer of it or an agent of employer of insurance agent
who makes default in companying with or acts in contravention of any provision
of this Act and who is knowingly a party to the default, shall be punished with
fine for maximum Taka 1 (one) lac and minimum Taka 50 (fiffty) thousand and,
in the case of a continuing default, with an additional fine not more than Taka 5
(five) thousand for every day during which the default continues.
135. Wrongfully obtaining of withholding property.
(1) Any director,
or other officer or employee of an insurer who wrongfully obtains possession of
any property of the insurer of having any such property in his possession
wrongfully withholds it or willfully applies it to purposes other than those
expressed or authorized by this Act, shall, after giving the insurer not less than 15
( fifteen) days notice of its intention, on the complaint of the insurer or any
member or any policyholder thereof be punished with fine for Taka 15 (fifteen)
lac and may be ordered by the Court trying the offence to deliver up or refund