Insurance business registration certificates define authorised classes and joint registration of foreign insurers or reinsurers with managing general agents. Registration of insurance business is evidenced by a certificate of registration identifying the entity, registration number and authorised classes ... Summary
International Financial Services Centres Authority Act, 2019
Insurance business registration certificates define authorised classes and joint registration of foreign insurers or reinsurers with managing general agents.
Registration of insurance business is evidenced by a certificate of registration identifying the entity, registration number and authorised classes entered in the schedule. Joint registration is available for a relevant foreign insurer or foreign reinsurer and its managing general agent, identifying both parties and the MGA's role. Permitted activity is confined to scheduled classes of business, and each certificate remains subject to the International Financial Services Centres Authority Act, 2019, the Insurance Act, 1938, and the IFSCA (Registration of Insurance Business) Regulations, 2021.
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