Section 56: Recovering of sums involved in commission of offence.

(1) Where an insurance institution or any other person is found guilty of an offence under this Act, the Court shall, in addition to the imposition of the penalty specified for the offence, make an order for the payment to the Commission of the amount involved in the commission of the offence.
(2) Where the Court makes an order under subsection (1) of this section and the person fails to comply within the time specified in the order, the Court shall make an order to levy execution on all the property of the person.
(3) Any amount paid or recovered under this section, shall be used to compensate any person who, the Commission is satisfied, suffered in any way as a result of the insurance transaction connected with the offence.
(4) Where the amount referred to in subsection (3) of this section is not fully utilised for the purpose specified in that subsection, the balance shall be paid into the security and development fund established under section 20 of this Act.