Section 3(1)(b) in Insurance Regulatory and Development Authority of India (Registration of Corporate Agents) Regulations, 2015
(b)A Corporate Agent (General), may have arrangements with a maximum of three general insurers to solicit, procure and service their insurance products. Further, the Corporate Agent (General) shall solicit, procure and service retail lines of general insurance products and commercial lines of such insurers having a total sum insured not exceeding rupees five crores per risk for all insurances combined.