“Corporate Agent” means a Corporate Agent who holds a licence to act as an insurance agent either for one life insurer or a general insurer. Agent, Corporate Composite : “Composite Corporate Agent” means a Corporate Agent who holds a licence to act as an insurance agent either for one life insurer and a general insurer. The Corporate Agent can be a proprietor/proprietary concern, a partnership firm, a company formed under the Companies Act, 1956, a banking company, a corresponding new bank, a regional rural bank, a Cooperative Society registered under the Cooperative Society act, 1912 or under any law for the Registration of Cooperative Societies, a Panchayat or a local authority or a Non-Governmental Organization or a micro lending finance organization covered under the cooperative societies act, 1912 or a Non-Banking Finance Company registered with the Reserve Bank of India or any othr Institution or organization which on an application to the Authority is specifically approved by the Authority to act an insurance agent. Corporate Insurance Executive or the Chief Executive represents Corporate Agent and should undergo practical training and is responsible for soliciting and procuring business. The Corporate Agent identified himself with insurance company of whom he is a representative and follow the code of conduct. The designated person in the insurance company shall issue and renew the licence. No capital requirement.