Section 42D of IA : Section 42D: Issue Of Registration To Intermediary Or Insurance Intermediary

IA

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Explanation using Example

Example of Application of Section 42D of The Insurance Act, 1938:

Sarah, an individual interested in becoming an insurance agent, submits an application to the Insurance Regulatory and Development Authority (IRDA) to obtain a registration to act as an insurance intermediary. She pays the required fee and provides all the necessary documentation as per the regulations set by the Authority.

Upon reviewing her application, the IRDA verifies that Sarah does not suffer from any disqualifications such as being a minor, having a criminal record, or lacking ...

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