Re-insurance business permits IIOs to accept specified IFSC, foreign and DTA cessions under prescribed preference. An IIO undertaking re-insurance business may accept cessions from IFSC-based cedents concerning risks emanating from other special economic zones, as well ... Summary
Re-insurance business permits IIOs to accept specified IFSC, foreign and DTA cessions under prescribed preference.
An IIO undertaking re-insurance business may accept cessions from IFSC-based cedents concerning risks emanating from other special economic zones, as well as re-insurance business from outside India. It may also accept re-insurance business from insurers operating in the domestic tariff area, subject to the prescribed order of preference for cession.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.