Problem plz help

Aditya Sharma (finance advisory) (377 Points)

12 November 2011  

i am a CA Final student......could i become agent of MAX NEW YORK LIFE INSURANCE to support my father running business as i would not be actively involved in this....my father shall use only my name as LIFE INSURANCE AGENT.

i am confused coz CLAUSE 11 of FIRST SCHEDULE says in list of permitted profession as "HOLDING LIFE INSURANCE AGENCY ONLY FOR LIMITED PURPOSE OF GETTING RENEWAL COMMISSION........