Section 63, Life Insurance Corporation Act, 1956 [S1D-NTA]
As at 7 September 2026. In force from 10 July 1956.
63. Maintenance of records and furnishing of returns.—(1) Every insurance intermediary shall maintain such records and registers relating to the business of an insurance intermediary as may be prescribed and shall preserve them for a period of five years. (2) Every insurance intermediary shall furnish to the Authority a return in Form IRDA-1 within ninety days from the end of every financial year, and such other information as the Authority may, by order in writing, require.
Defined terms in this text (2)
Authority: Section 2, Life Insurance Corporation Act, 1956 [S1DKXW] (In this Act, unless the context otherwise requires,—): "Authority" means the Insurance Regulatory and Development Authority of India established under section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999)
Authority: 22 more definitions.
intermediary: Section 2, Life Insurance Corporation Act, 1956 [S1DKXW] (In this Act, unless the context otherwise requires,—): "intermediary" includes insurance brokers, re-insurance brokers, insurance consultants, corporate agents, third party administrators, surveyors and loss assessors
intermediary: 25 more definitions.
Made under this section, or naming it (0)
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Cited by (0)
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Not held (0)
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Duties published under this section (0)
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