Section 4, Marine Insurance Act, 1963 [S1H-ZN2]
As at 7 September 2026. In force from 27 September 1963.
4. Registration of insurances agent.—(1) Every insurance agent shall, within thirty days from the commencement of this Act or, where such person begins the soliciting of insurance business after such commencement, within thirty days from the date of such beginning, make an application for registration to the Authority in Form IRDA-2, accompanied by a fee of five thousand rupees. (2) The Authority shall, on being satisfied that the application is in order, register the applicant and issue a certificate of registration in such form as may be prescribed. (3) No insurance agent shall carry on the soliciting of insurance business unless registered under this section.
Defined terms in this text (1)
Authority: Section 2, Marine Insurance Act, 1963 [S1HZKE] (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.
Made under this section, or naming it (1)
Circular of the Department of Financial Services dated 29th January, 1964 on section 4 of the Marine Insurance Act, 1963 [C10-C4M], 29 January 1964, in force. The text contains "section 4 of the Marine Insurance Act, 1963 (11 of 1963)".
Cited by (2)
Section 14, Marine Insurance Act, 1963 [S1H-ZZP], 27 September 1963, Band A. "section 4".
Section 19, Marine Insurance Act, 1963 [S1J-04E], 27 September 1963, Band A. "section 4".
Not held (0)
none
Duties published under this section (1)
D10-XR2. Every insurance agent: Apply for registration to the Authority in Form IRDA-2, fee five thousand rupees; thirty days from the commencement of the Act, or from beginning the activity; Form IRDA-2. Published by Department of Financial Services, Ministry of Finance (synthetic record).