Question

How long must an insurer maintain the record for an insurance agent as per the Insurance Act?

Q: Answer-How long must an insurer maintain the record for an insurance agent as per the Insurance Act?

Section 43. Register of insurance agents 2 The record prepared by the insurer under sub-section 1, shall be maintained as long as the insurance agent is in service and for a period of five years after the cessation of appointment.

A As long as the insurance agent is in service

B For a period of two years after cessation of appointment

C For a period of five years after cessation of appointment

D For a period of ten years after cessation of appointment

E Indefinitely

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How long must an insurer maintain the record for an insurance agent as per the Insurance Act?

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