Question

What entities are eligible to obtain an Insurance Broker license according to IRDA regulations?

a.

Proprietor / Proprietary Concern

b.

Partnership Firm

c.

Company under the Companies Act, 1956

d.

Cooperative Society or any other person recognized by the Authority

Answer: (a).Proprietor / Proprietary Concern Explanation:The Insurance Broker license can be granted to a proprietor, partnership firm, company under the Companies Act, 1956, a Cooperative Society, or any other person recognized by the Authority to act as an insurance broker.

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Q. What entities are eligible to obtain an Insurance Broker license according to IRDA regulations?

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