Authorized Verifier Compliance governs insurance solicitation, product comparison, training, sales tracking, complaints, and movement between employers. Authorized Verifiers must be resident in India, be on the rolls of an Insurance Web Aggregator or tele-marketer, and solicit insurance only through ... Summary
Referred In :
International Financial Services Centres Authority (Insurance Web Aggregator) Regulations, 2022
Authorized Verifier Compliance governs insurance solicitation, product comparison, training, sales tracking, complaints, and movement between employers.
Authorized Verifiers must be resident in India, be on the rolls of an Insurance Web Aggregator or tele-marketer, and solicit insurance only through tele-marketing or distance marketing. They must conduct need-based sales, explain comparable products, avoid unsolicited outbound calls and misleading promises, and satisfy prescribed training and examination requirements. Insurance Web Aggregators must tag each policy to the verifier for sales and complaint tracking. Transfers require a no-objection certificate or expiry of the prescribed waiting period.
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