Insurance web aggregator definitions govern online solicitation, lead management, designated websites, and responsible personnel within the insurance distribution framework. Insurance web aggregators are registered intermediaries that assist prospects in purchasing insurance through a maintained website or portal. The ... Summary
International Financial Services Centres Authority Act, 2019
Insurance web aggregator definitions govern online solicitation, lead management, designated websites, and responsible personnel within the insurance distribution framework.
Insurance web aggregators are registered intermediaries that assist prospects in purchasing insurance through a maintained website or portal. The framework defines eligible applicants, including companies and limited liability partnerships, and permits foreign-incorporated bodies to form such entities for an application. It also defines designated websites, distance marketing, authorized verifiers, insurance outsourcing, leads, lead generation and lead management systems. Governance responsibilities are assigned to key management personnel and the principal officer, with undefined expressions retaining their applicable statutory meanings.
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