Norms tightened for appointment of agents by insurers To check - TopicsExpress

Norms tightened for appointment of agents by insurers To check ponzi-like activities in insurance sector, the new Ordinance has prohibited multi- layered agent structure for sale of insurance products, while it has also barred offers aimed at inducing people to buy or renew policies through multi-level marketing schemes. Under the newly promulgated Ordinance, insurers cannot appoint any principal agent, chief agent and special agent, neither they can transact any insurance business through them. Read more at:

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