International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021 Chapter II SETTING UP OF A IFSC INSURANCE OFFICE
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IFSC insurance registration requires prior approval, with specialised application frameworks for Lloyd's and managing general agents. Registration is mandatory before any person may commence insurance or re-insurance business in an IFSC. Applicants, including Lloyd's, must apply in forms ... Summary
IFSC insurance registration requires prior approval, with specialised application frameworks for Lloyd's and managing general agents.
Registration is mandatory before any person may commence insurance or re-insurance business in an IFSC. Applicants, including Lloyd's, must apply in forms specified by the Authority. Separate registration provisions apply to Lloyd's, Lloyd's IFSC and Service Companies of Lloyd's IFSC, while distinct provisions govern managing general agents, relevant foreign insurers and foreign re-insurers. The previous reference to the First Schedule and a specified application manner has been omitted.
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