Question
Which of the following statements accurately reflects
the restrictions imposed on a person acting as an insurance agent for multiple insurers?Solution
Section 42.  Appointment of insurance agents: (2) No person shall act as an insurance agent for more than one life insurer, one general insurer, one health insurer and one of each of the other mono-line insurers: Provided that the Authority shall, while framing regulations, ensure that no conflict of interest is allowed to arise for any agent in representing two or more insurers for whom he may be an agent.
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