Bye-law 15, Insurance Regulatory and Development Authority of India (Registration of The business of an insurance intermediary) Bye-laws, 2014 [S4P-AZF]
As at 7 September 2026. In force from 10 December 2014.
Safe custody.—Every insurance intermediary shall keep every proposal form to which these bye-laws apply in a receptacle or place reserved for the purpose at the premises where the business of an insurance intermediary is carried on, shall record in Form IRDA-5 the description of every proposal form so kept and the date on which it was received, and shall furnish a copy of the record to the Securities Appellate Tribunal within ninety days of the close of each year.
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