Section 19(1) in Insurance Regulatory and Development Authority of India (Insurance Brokers) Regulations, 2018

[Cites 0, Cited by 0] [Section 19] [Entire Act]

(1)Any applicant seeking to become an insurance broker under these regulations shall have a minimum paid up capital/contribution as mentioned below:

Category	Minimum Capital/ Contribution (Rupees)
Direct broker	Seventy Five Lakh
Reinsurance broker	Four crore
Composite broker	Five crore

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