64UK. Levy of fees by the Advisory Committee.- (1) Every insurer shall annually before the prescribed date make payment to the Advisory Committee in the prescribed manner of such fees, not exceeding for any year, in the case of an insurer doing only re insurance business in India, one per cent of his total premiums in respect of facultative re insurance accepted by him in India in the preceding year and in the case of any other insurer, one per cent of the total gross premium written direct by him in India in the preceding year, as may be specified by the Advisory Committee for the purpose of this part. (2) The Advisory Committee may collect, in addition to the fees mentioned in sub section (1), reasonable fees and charges from any person to cover the cost of any specific services rendered by it. (3) If an insurer fails to make payment within the prescribed date of any fee required to be paid under sub section (1) he shall be deemed to have failed to comply with the provisions of this Act. (4) The Authority may, so long as an application to the Court under sub section (5 D) of Section 3 has not been made, revive the registration which might have been cancelled for failure to make payment of the fee required to be made under sub section (1), if the insurer makes payment of such fee together with such penalty not exceeding the actual amount of fee payable as the Authority may require. | 
