As per the new regulations, if any agent wants to stop selling policies of one company and shift to another insurer, he has to get a no-objection certificate from his original company.

First, contact the Agency Officer of the Insurance company, submit all the documents e.g. Agent Quitting Form, Photocopy of Agency Licence and any other document as required by Agency Officer.

NOC issuance will take lots of time. An NOC would be extremely difficult, considering the onerous responsibilities imposed on insurance companies for granting an NOC. First, the insurance company has to get contact details of all the agent's policyholders. The insurance company also in turn has to ensure an alternative service arrangement for all these policyholders.


These arrangements, the regulator has said, should go beyond a call centre facility, which is also an essential requirement. Insurance companies have been asked to intimate to each policyholder that their agent has quit and there are alternate arrangements being made to service them.

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