Multiple choice

Which of the following statements is true.

  1. Code of conduct regulations apply to micro-insurance agents
  2. Advertisement regulations apply to micro-insurance agents

  1. 1 is true

  2. 2 is true

  3. Both are true

  4. Both are false
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Both the statements are true.  Code of conduct regulations apply to micro-insurance agents. Every micro insurance agent and specified person employed by him shall abide by Code of conduct as laid down in Regulation 8 of the Insurance Regulatory and Development Authority.

Advertisement regulations also apply to micro-insurance agents. Any violation by a micro-insurance agent of the code of conduct and/or advertisement or disclosure norms shall lead to termination of his appointment.

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