Q. What are the functions of an Insurance Broker according to the Regulations?

View solution

Q. How does a corporate agent identify themselves with the insurance company they represent?

View solution

Q. How does an individual agent identify themselves with the insurance company they represent?

View solution

Q. What disqualifications are applicable to applicants for an Insurance Broker license?

View solution

Q. What disqualifications are applicable to both corporate agents and individual agents?

View solution

Q. What is the mandatory training requirement for the Principal Officer and persons soliciting and procuring business in the case of Insurance Brokers?

View solution

Q. Where is the training and examination conducted for the Principal Officer and persons soliciting and procuring business in the case of Insurance Brokers?

View solution

Q. What are the training and examination requirements for corporate agents as per Regulation 5?

View solution

Q. Is there any specified capital requirement for corporate and individual agents according to the regulations?

View solution

Q. What is the validity period of an Insurance Broker license once issued?

View solution

Q. How long does a license granted by the Authority to a corporate agent remain in force?

View solution

Q. What is the duration of an agent license, including renewals?

View solution

Q. Does an individual agent need to take an exam for license renewal?

View solution

Q. How is the renewal application for a license dealt with, according to Regulation 13?

View solution

Q. What powers does the Authority have regarding the suspension or cancellation of licenses?

View solution

Q. Under what circumstances can the designated person cancel a license or certificate of a corporate agent?

View solution

Q. What disqualifications can lead to the cancellation of an insurance agent's license under Regulation 11?

View solution

Q. Is the payment of an annual fee applicable to corporate agents or insurance agents?

View solution

Q. How is the remuneration of an insurance broker regulated under Regulation 19?

View solution

Q. How is the remuneration of a Corporate Agent regulated?

View solution