Insurance intermediary naming, display, and commencement obligations govern registered IIIO operations, with limited extensions for delayed business commencement. An IIIO must use a name reflecting its registered insurance intermediary activity, subject to an exception for foreign intermediaries establishing an IFSC ... Summary
Insurance intermediary naming, display, and commencement obligations govern registered IIIO operations, with limited extensions for delayed business commencement.
An IIIO must use a name reflecting its registered insurance intermediary activity, subject to an exception for foreign intermediaries establishing an IFSC branch. It must display its registration certificate and prescribed registration particulars in stakeholder communications, and cannot use another name without prior approval. Business must commence within 180 days of certification. An extension may be requested at least 30 days before expiry, but cannot extend beyond 18 months from certification.
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