Permissible insurance business confines registered IIOs to authorised life, general, health, or re-insurance activities under regulatory conditions. An IIO registered with the Authority may carry on life, general, health or re-insurance business, subject to Authority permission and prescribed ... Summary
Permissible insurance business confines registered IIOs to authorised life, general, health, or re-insurance activities under regulatory conditions.
An IIO registered with the Authority may carry on life, general, health or re-insurance business, subject to Authority permission and prescribed conditions. An IIO functioning as a place of business of an Indian insurer or as a branch office of a foreign insurer or re-insurer may transact only business authorised for the applicant by its home-country regulatory or supervisory authority.
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