INDIA CODE
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Section 53, Actuaries Act, 2006 [S23-0RT]

As at 7 September 2026. In force from 24 July 2006.

In Actuaries Act, 2006 [A11-B0P]. This text from 23 June 2023, by Act 87 of 2023 [A11-TY1]. Other texts (2): from 24 July 2006 to 31 January 2011; from 1 February 2011 to 22 June 2023.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 53, Actuaries Act, 2006 [S23-0RT]. Machine: S23-0RT.

53. Registration of insurances intermediary.—(1) Every insurance intermediary shall, within thirty days from the commencement of this Act or, where such person begins the business of an insurance intermediary after such commencement, within sixty days from the date of such beginning, make an application for registration to the Authority in Form IRDA-3, accompanied by a fee of fifty 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 intermediary shall carry on the business of an insurance intermediary unless registered under this section.

Defined terms in this text (2)

Authority: Section 2, Actuaries Act, 2006 [S22Z5Y] (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, Actuaries Act, 2006 [S22Z5Y] (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)

none

Cited by (2)

Section 2, Actuaries Act (Amendment) Act, 2011 [S25-PVV], 1 February 2011, Band A. "section 53 of the Actuaries Act, 2006 (35 of 2006)".

Section 2, Actuaries Act (Amendment) Act, 2023 [S2B-MS8], 23 June 2023, Band A. "section 53 of the Actuaries Act, 2006 (35 of 2006)".

Not held (0)

none

Duties published under this section (0)

none