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    <title>IRDA Guidelines For Licences</title>
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    <description>Change of broking licence category may be sought only after the initial licence tenure has lapsed; no separate guidelines for up gradation have been issued. Applicants must make a personal representation addressing corporate background, promoters/shareholders, infrastructure, business projections and reinsurance expertise. Financial analysis and scrutiny of papers, including any change in shareholding, form part of the assessment, and the regulator prescribes no fixed time limit for disposing of upgradation applications.</description>
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