Union Government, Extraordinary, 2014-01-28, Part III-Section 4, Ref. F. No. IRDA/Reg./3/86/2014

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by  Government of India

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EXTRAORDINARY
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PART III—Section 4
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404 GI/2014 (1)
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY
NOTIFICATION
Hyderabad, the 22nd January, 2014
Insurance Regulatory and Development Authority
(Licensing of Insurance Agents) ( Amendment) Regulations, 2013
F. No. IRDA/Reg./3/86/2014.—ln exercise of the powers conferred by sections 42 and 114A of the Insurance Act,
1938 (4 of 1938) read with section 26 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), the
Authority, in consultation with the Insurance Advisory Committee, hereby makes the following regulations to further
amend the Insurance Regulatory and Development Authority (Licensing of Insurance Agents) Regulations, 2000,
namely:—
1. (i) These regulations may be called the Insurance Regulatory and Development Authority (Licensing of Insurance
Agents) (Amendment) Regulations, 2013.
(ii) They shall come into force on the date of their publication in the Official Gazette.
2. In the Insurance Regulatory and Development Authority (Licensing of Insurance Agents) Regulations, 2000,—
(i) In regulation 7(1), the words "two hundred fifty" shall be substituted by the words "one hundred and
twenty five".
(ii) In Point No. 4 of Form IRDA-AGENTS-VA the words "two hundred fifty" shall be substituted by the
words "one hundred and twenty five".
(iii) In Point No. 4 of Form IRDA-AGENTS-VC the words "two hundred fifty" shall be substituted by the
words "one hundred and twenty five".
(iv) In point No. 6 of Notes and Instructions Para of Form IRDA-AGENTS- VA the words "two hundred fifty"
shall be substituted by the words "one hundred and twenty five".
(v) In point No. 3 of Notes and Instructions Para of Form IRDA-AGENTS-VC the words "two hundred fifty"
shall be substituted by the words "one hundred and twenty five".
T. S. VIJAYAN, Chairman
[ADVT. III/4/161/13/Exty.]
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