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      Question

      How long must an insurer maintain the record for an

      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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