IRDA Guidelines For Licences - Dated - 6-12-2013 - No guidelines have been issued by the Insurance Regulatory and Development Authority (IRDA) for up-gradation of direct broking licence to composite broking licence. However, Regulation 13(5) of the IRDA (Insurance Brokers) Regulations 2002 prescribes that any broker who has been licensed under a specified category may apply for change of category, subject to a condition that one year should have lapsed from the grant of licence in the first inst................................... - News
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