Regulation 14, IRDAI (Fees of Micro-insurance agents) Regulations, 2012 [S3C-7S3]
As at 7 September 2026. In force from 11 July 2012.
Safe custody.—Every micro-insurance agent shall keep every nomination to which these regulations apply in a receptacle or place reserved for the purpose at the premises where the distribution of micro-insurance products is carried on, shall record in Form IRDA-1 the description of every nomination so kept and the date on which it was received, and shall furnish a copy of the record to the Securities Appellate Tribunal within sixty days of the close of each year.
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