How long must an insurer maintain the record for an

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.

insurance agent as per the Insurance Act?

A As long as the insurance agent is in service Correct Answer Incorrect Answer

B For a period of two years after cessation of appointment Correct Answer Incorrect Answer

C For a period of five years after cessation of appointment Correct Answer Incorrect Answer

D For a period of ten years after cessation of appointment Correct Answer Incorrect Answer

E Indefinitely Correct Answer Incorrect Answer

Solution

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.

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OICL AO Legal

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