Registration renewal for Insurance Web Aggregators requires timely filing, prescribed training, and restricts fresh business during pending renewal. Renewal of an Insurance Web Aggregator's certificate of registration requires timely filing in the prescribed format with supporting documents and fee. ... Summary
International Financial Services Centres Authority (Insurance Web Aggregator) Regulations, 2022
Registration renewal for Insurance Web Aggregators requires timely filing, prescribed training, and restricts fresh business during pending renewal.
Renewal of an Insurance Web Aggregator's certificate of registration requires timely filing in the prescribed format with supporting documents and fee. Delayed applications may attract penalty fees, require condonation, or be considered only after a specified waiting period. Conditions for initial registration apply to renewal, and fresh insurance business is prohibited while registration has expired and renewal is pending, except for servicing existing policies. Prescribed training is required for the Principal Officer and Authorised Verifier. Renewal may be granted for a further three-year period upon fulfilment of applicable conditions.
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