Section 39 in Insurance Regulatory and Development Authority of India (Insurance Web Aggregators) Regulations, 2017
39. Voluntary Surrender of Certificate of registration.
(1)An Insurance Web Aggregator issued certificate of registration under these regulations may make an application to the Authority for surrender of their certificate of registration. The Authority may consider such application on merit.(2)Upon acceptance of the application for surrender made by the Insurance Web Aggregator, the Authority may pass an order for surrender of the certificate of registration.(3)The documents/information required to be submitted for surrender of certificate of registration is as Form Y (Documents for voluntary surrender of certificate of registration) of Schedule X to these regulations.
