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

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

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

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

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

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

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

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

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

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Q. How is the remuneration of an Agent regulated?

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Q. What is the limit on the percentage of premium that can emanate from a single client for an insurance broker in the third year of business onwards?

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Q. What is the maximum percentage of total premium that a corporate agent is allowed to have from one person, organization, or group of organizations in any year?

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Q. Are there any provisions or limits on the percentage of premium from a single client for individual agents?

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Q. What is the requirement for insurance brokers regarding deposit before the commencement of business?

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Q. Is there any deposit requirement for corporate agents or individual agents according to Regulation 22?

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Q. What is the requirement for Reinsurance Brokers and Composite Brokers regarding an 'Insurance Bank Account' according to Regulation 23?

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Q. Is professional indemnity insurance mandatory for corporate agents and individual agents as per Regulation 24?

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Q. What is the frequency of financial statement submission required for insurance brokers under Regulation 25?

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Q. Is membership in the Insurance Brokers Association of India mandatory for corporate agents and individual agents?

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Q. What is the responsibility of an insurance agent regarding the needs of the prospective buyer according to IRDA regulations for Agents / Corporate Agents?

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