Question

What requirement must be met by a micro-insurance agent when employing specified persons?

a.

Approval from the IRDA

b.

Approval from the head office of the insurer

c.

Approval from the local government

d.

No approval is required

Answer: (b).Approval from the head office of the insurer Explanation:The regulations state that a micro-insurance agent, when employing specified persons, needs to obtain approval from the head office of the insurer.

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Q. What requirement must be met by a micro-insurance agent when employing specified persons?

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