Penalty for not making out policy, or making one not duly stamped.— — THE INDIAN STAMP ACT, 1899 (2 of 1899)

66. Penalty for not making out policy, or making one not duly stamped.— erson ho— 66. Pena Any person who— insurance; or (b) makes, executes or delivers out any policy which is not duly stamped, or or allows in account, or agrees to pay or allow in account, any money upon, Or (b) makes, executes or delivers out any policy which is not duly stamp or pays or allows in account, or agrees to pay or allow in account, any money upon, Or in respect of, any such policy; pays or allows in account, or ag in respect of, any such policy; e erson who— (a) receive or takes credit for, any premium or consideration for any contract urance and does not, within one month after receiving, or taking credit for, (a) receive or takes credit for, any premium or consideratio for any co of insurance and does not, within one month after receiving, or taking credit for, uch premium or consideration, make out and execute a duly stamped policy of of insurance and does not, within one month after receiving, or taking credit for, such premium or consideration, make out and execute a duly stamped policy of e; suc such insurance; or pect of, any such policy; shall be punishable with fine which may extend to two hundred rupees.

Section 66