MANNER OF PAYMENT, RECEIPT OF PREMIUM AND ASSUMPTION OF RISKInternational Financial Services Centres Authority (Manner of Payment and Receipt of Premium) Regulations, 2022
MANNER OF PAYMENT, RECEIPT OF PREMIUM AND ASSUMPTION OF RISKInternational Financial Services Centres Authority (Manner of Payment and Receipt of Premium) Regulations, 2022
Repeal and saving in IFSC insurance premium regulation replaces earlier requirements and mandates transitional compliance by existing IIOs. Repeal and saving provisions disapply the Insurance Regulatory and Development Authority (Manner of Receipt of Premium) Regulations, 2002, in an ... Summary
Repeal and saving in IFSC insurance premium regulation replaces earlier requirements and mandates transitional compliance by existing IIOs.
Repeal and saving provisions disapply the Insurance Regulatory and Development Authority (Manner of Receipt of Premium) Regulations, 2002, in an International Financial Services Centre and omit clause (2) of Chapter 2 of the International Financial Services Centres Authority insurance office guidelines. An IIO operating in an IFSC before commencement must comply with additional requirements within six months, subject to any extended period permitted by the Authority.
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