The correct answer is D. No agent, individual or corporate of life and or non-life insurer shall offer his services to more than one standalone health insurance Company.
Option A is correct. Life Insurance agents desirous of doing stand alone Health insurance business will have to be certified under IC-34 separately. This is because standalone health insurance is a different type of insurance than life insurance, and agents need to be certified in order to sell it.
Option B is correct. Such life agents as above are exempt from passing IC-34 if they have been certified under IC-33 and if they undergo some internal training for 25 hours given by Health Insurance Company. This is because IC-33 is a more general certification that covers both life and health insurance, so agents who have already passed it are not required to pass IC-34 as well.
Option C is correct. Agents certified under IC 34 for non life insurer can do standalone Health insurance business after undergoing internal training for 25 hrs from the standalone health insurance company. This is because IC-34 is a certification for non-life insurance, which includes standalone health insurance. So, agents who have already passed IC-34 can sell standalone health insurance without having to take any additional training.
Option D is incorrect. No agent, individual or corporate of life and or non-life insurer shall offer his services to more than one standalone health insurance Company. This is because there is no law that prohibits agents from selling standalone health insurance for more than one company. In fact, many agents do this in order to offer their clients a wider range of choices.