TRANSFER OF LIC AGENCY
This query is : Resolved
16 April 2008
RESPECTED SIR,
I AM A LIC AGENT FOR THE LAST 2 YEARS. I WANT TO KNOW WHETHER THERE IS ANY PROVISION IN THE LAW & REGULATIONS OF IRDA THAT I CAN TRANSFER MY AGENCY TO MY WIFE,SO THAT RENEWAL COMMISSION IN FUTURE WILL BE GIVEN TO MY WIFE. SIR PL CARIFY THIS POINT .
I AM A LIC AGENT FOR THE LAST 2 YEARS. I WANT TO KNOW WHETHER THERE IS ANY PROVISION IN THE LAW & REGULATIONS OF IRDA THAT I CAN TRANSFER MY AGENCY TO MY WIFE,SO THAT RENEWAL COMMISSION IN FUTURE WILL BE GIVEN TO MY WIFE. SIR PL CARIFY THIS POINT .
02 October 2008
You can not transfer your agency to your wife. But your wife can take up fresh agency and the new accounts taken in her name will be hers.
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