Before discussing the registration process and regulatory requirements, it is important to understand what an Insurance Broker is and the role it performs
A Corporate Agent registered under the IRDAI (Registration of Corporate Agents) Regulations, 2015 is required to comply with various regulatory, operational, reporting, and governance requirements prescribed by IRDAI.
A principal officer shall supervise the activity of Insurance marketing firm and should have the adequate knowledge of insurance prodcut Market.
An Insurance Marketing Firm (IMF) registered under IRDAI is permitted to solicit and procure various retail and individual insurance products
An Insurance Marketing Firm (IMF) is an insurance intermediary regulated under the Insurance Regulatory and Development Authority of India (Registration of Insurance Marketing Firm) Regulations, 2015.
There are various types of insurance intermediaries that are permitted to enter into tie-up arrangements with different insurers for the sale.
A Corporate Agent that has been granted registration under the IRDAI (Registration of Corporate Agents) Regulations, 2015
Before understanding the concept of a Key Person, it is important to first know who is considered a Person under the said Regulations.
An Insurance Broker registered under the IRDAI (Insurance Brokers) Regulations, 2018 is initially granted registration for a period of three years.
