Insurance intermediary registration establishes categories, branch eligibility, and permitted legal forms for IFSC insurance operations. Registration of insurance intermediaries in an IFSC requires a certificate of registration under prescribed distributor or insurance claim service ... Summary
Insurance intermediary registration establishes categories, branch eligibility, and permitted legal forms for IFSC insurance operations.
Registration of insurance intermediaries in an IFSC requires a certificate of registration under prescribed distributor or insurance claim service provider categories. Domestic intermediaries establishing an unincorporated branch must maintain valid registration, have relevant category experience, and obtain a no-objection certificate. Foreign branch applicants must also meet FATF-compliance, double taxation avoidance agreement-linked regulatory environment, and home-regulator approval requirements. Other eligible applicants must meet prescribed capital requirements and may operate only through permitted legal forms for their registration category.
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