2 Mandatory Training: All case learn about answer americans involved in selling case study solution insurance need to go through mandatory training at an institute desperate approved by IRDA and pass case study solution examination performed by case find out about answer authority. 3 Corporate Agents: Commercial banks, including co operative banks and RRBs may become corporate brokers for one coverage company. Certain regulatory boundaries have slowed case find out about solution development of Bancassurance in India down that have only recently been cleared with case learn about solution passage of case study answer Insurance Amendment Act 2002. Prior it was obviously an impractical necessity and had held up case learn about solution implementation of Bancassurance in case find out about answer country. As case find out about solution present legislation locations the:1 Training and examinations necessities: Upon case find out about answer company insurance govt within case learn about solution corporate agency, this barrier has efficiently been removed. Another regulatory change is published in recent booklet of IRDA regulation touching on to case study solution licensing of Corporate Agents2 Specified person to satisfy case study solution training and examination: According to new law of IRDA only case find out about solution precise individuals have to fulfill case learn about solution workout and examination requirement as coverage agent.
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