Disclosure obligations require insurance web aggregators to report material changes, regulatory proceedings, indemnity claims, and Indian property acquisitions promptly. Insurance Web Aggregators must disclose changes affecting their certificate of registration and proceedings, actions or directions initiated or issued by ... Summary
Referred In :
International Financial Services Centres Authority (Insurance Web Aggregator) Regulations, 2022
Disclosure obligations require insurance web aggregators to report material changes, regulatory proceedings, indemnity claims, and Indian property acquisitions promptly.
Insurance Web Aggregators must disclose changes affecting their certificate of registration and proceedings, actions or directions initiated or issued by other regulatory or governmental bodies within thirty days. Professional indemnity policy claims and acquisitions of property in India must be reported within fifteen days. Applicants must voluntarily disclose changes to application information after filing or during processing, and the Authority may require further information, data, documents or other disclosures.
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