Bye-law 13, Insurance Regulatory and Development Authority of India (Inspection of The marketing of insurance products) Bye-laws, 2021 [SD4-R5W]
As at 7 September 2026. In force from 1 August 2021.
Refusal of registration.—Where the Securities Appellate Tribunal is not satisfied that an application made in Form IRDA-3 is complete or that the fee of twenty-five thousand rupees has been paid, it shall record its reasons in writing, shall communicate the order of refusal to the applicant in Form IRDA-7 within twenty-one days of the order together with a statement of the grounds on which it is made, and shall return with the order every document furnished with the application; and the applicant may make a fresh application at any time after seven days from the communication.
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