Insurance intermediary remuneration must be paid by insurers only through the Authority-specified mode and manner. Remuneration, reward, fees, and any other form of payment payable by an insurer to an IIIO must be made only in the mode and manner specified by the ... Summary
Insurance intermediary remuneration must be paid by insurers only through the Authority-specified mode and manner.
Remuneration, reward, fees, and any other form of payment payable by an insurer to an IIIO must be made only in the mode and manner specified by the Authority. The requirement applies regardless of the label assigned to the payment and covers all insurer-funded compensation or rewards to an insurance intermediary.
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