Amendment status not verified — confirm the current text below against the official source.
ln the Princlpal Act, in Schedule lll, after paragraph I and before Explanation 1 , the following paragraphs shall be inserted, namely:- '9. Activity of apportronment of co-insurance premium by the lead insurer to the co-ansurer forthe insurance services jointly supplied by the lead insurerand the co-insurer to the insured in co-insurance agreements, subject to the condition that the lead insurer pays the central tax, the State tax, the Union territory tax and the integrated tax on the entire amountof premium paid by the insured.