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The Insurance Act, 1938

( ACT NO. IV Of 1938 )

Register of insurance agents
43. (1) Every insurer and every person who acting on behalf of an insurer employs insurance agents shall maintain a register showing the name and address of every insurance agent appointed by him and the date on which his appointment began and the date, if any, on which his appointment ceased.
 
 
 
 
(2) Any individual not holding a licence issued under section 42 who acts as an insurance agent shall be punishable with fine which may extend to fifty Taka, and any insurer who, or any person acting on behalf of an insurer who, appoints as an insurance agent any individual not so licensed, or transacts any insurance business in Bangladesh through any such individual, shall be punishable with fine which may extend to one hundred Taka.
 
 
 
 
(3) The provisions of sub-section (2) shall not take effect until the expiry of six months from the commencement of this Act.

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