Q. What are the main purposes of the regulations for Insurance Agents?

View solution

Q. How long is a pass certificate from the Insurance Agency Examination valid for seeking appointment as an insurance agent with any insurer for the first time?

View solution

Q. What is the key eligibility requirement for appointment as an insurance agent?

View solution

Q. What is the purpose of the pass certificate issued by the Examination Body?

View solution

Q. What is one of the responsibilities of an insurance agent with respect to disclosing commission information?

View solution

Q. When should an agent inform the insurer about relevant information concerning the prospect for insurance underwriting?

View solution

Q. What is one of the key duties of an agent in terms of policy servicing?

View solution

Q. Why is it essential for an agent to inform the prospect about the acceptance or rejection of the proposal by the insurer in a prompt manner?

View solution

Q. What is the primary duty of an insurance agent regarding insurance products?

View solution

Q. When representing multiple insurers offering the same line of products, what care should an agent take?

View solution

Q. What is an agent's responsibility in relation to the information provided in the proposal form?

View solution

Q. Why should an agent assist and advise customers, policyholders, claimants, and beneficiaries on policy servicing matters?

View solution

Q. What is one of the prohibitions for insurance agents when soliciting insurance business?

View solution

Q. What is a prohibited action for insurance agents when dealing with prospects and policyholders?

View solution

Q. What is the prohibition regarding multilevel marketing for insurance agents?

View solution

Q. What responsibility do agents have regarding issuing insurance advertisements?

View solution

Q. Under what circumstances can an insurance agent's appointment be suspended or canceled?

View solution

Q. What is the consequence of an insurance agent's appointment being canceled?

View solution

Q. What is the purpose of the "Centralised list of black-listed agents" maintained by the Authority?

View solution

Q. What authority can IRDAI use to inspect the affairs of an insurance agent?

View solution