Insurance Regulatory and Development Authority of India
(Insurance Brokers) Regulations, 2018
SCHEDULE I – Form H
(see regulation 30 and regulation 8(2))
1. Every insurance broker shall follow recognised standards of professional conduct and discharge their functions in the interest of the clients or policyholders.
14. Every insurance broker shall display in every office where it is carrying on business and to which the public have access a notice to the effect that a copy of the code of conduct is available upon request and that if a member of the public wishes to make a complaint or requires the assistance of the Authority in resolving a dispute, he may write to the Authority.
15. An insurance broker as defined in these regulations shall not act as an insurance agent of any insurer under section 42 of the Act.
16. Every insurance broker shall abide by the provisions of the Insurance Act, 1938 (4 of 1938), Insurance Regulatory and Development Authority Act 1999(41 of 1999), rules and regulations made there under which may be applicable and relevant to the activities carried on by them as insurance brokers.