Section 7(1) in The Insurance Regulatory And Development Authority (Micro-Insurance) Regulations, 2005
(1)Every micro-insurance agent and specified person employed by him shall abide by the code of conduct as laid down in regulation 8 of the Insurance Regulatory and Development Authority (Licensing of Insurance Agents) Regulations, 2000, and the relevant provisions of Insurance Regulatory and Development Authority (Insurance Advertisements and Disclosure) Regulations, 2000:Provided that the insurer shall ensure compliance of the code of conduct, advertisements and disclosure norms by every micro-insurance agent.
