Annual fees of licensed insurers
11.—(1)  Every licensed insurer shall pay to the Authority such annual fees as may be prescribed.
[11/86]
[Act 11 of 2013 wef 18/04/2013]
(2)  The Authority may prescribe different annual fees for different classes of insurance business or for different types of licensed insurers.
[11/86]
[Act 11 of 2013 wef 18/04/2013]
(3)  The Authority may, where it considers appropriate in a particular case, waive, refund or remit the whole or any part of any annual fee paid or payable under subsection (1).
[Act 11 of 2013 wef 18/04/2013]