International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021 Chapter II SETTING UP OF A IFSC INSURANCE OFFICE
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IFSC insurance registration requires prior approval before insurers or reinsurers may commence business, with specialised schedules governing Lloyd's and MGAs. Prior registration with the Authority is mandatory before any person may commence insurance or re-insurance business in an IFSC. Applicants, including ... Summary
International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021
IFSC insurance registration requires prior approval before insurers or reinsurers may commence business, with specialised schedules governing Lloyd's and MGAs.
Prior registration with the Authority is mandatory before any person may commence insurance or re-insurance business in an IFSC. Applicants, including Lloyd's, must apply using the forms in the First Schedule and in the manner specified by the Authority. The Second Schedule governs provisions concerning Lloyd's, Lloyd's IFSC and registration of a Service Company of Lloyd's IFSC. The Third Schedule governs registration-related provisions for an MGA and the relevant foreign insurer or foreign re-insurer.
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