Insurance intermediary definitions establish registration categories, business models, operational roles, and cross-border regulatory terminology for IFSC market participants.

Insurance brokers comprise direct brokers, reinsurance brokers and composite brokers. Direct brokers solicit and arrange insurance business, reinsurance brokers solicit and arrange reinsurance business, and composite brokers undertake both functions; each may provide permitted risk management services for remuneration or fee. Corporate agents solicit and service insurance business, insurance surveyors and loss assessors provide services concerning insurance losses, and third party administrators engaged by insurers provide specified health services. An insurance self-network platform is an electronic platform for distributing, procuring or soliciting insurance or reinsurance business.

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