Case Law Analysis
|Punjab and Haryana High Court
Regulation 19 LIC (Agents) Regulations | Termination for Negligence Without Fraud Does Not Forfeit Renewal Commission : Punjab & Haryana HC
Punjab & Haryana HC rules that termination of an LIC agent for negligence-without proof of fraud-does not strip entitlement to renewal commission under Regulation 19. The ruling reinforces contractual agency rights, ensuring agents retain commission even post-termination unless fraud is established.