Single-client remuneration ceiling requires insurance intermediaries to diversify business and certify annual compliance with audited accounts.

Insurance intermediaries may not receive more than 50 percent of their annual remuneration from a single client. A client includes associates, subsidiaries and group concerns under the same management where the client is a firm or company. The Authority's determination on common management is final. Annual audited accounts must be accompanied by a certificate from a CA or PCS confirming compliance.

---

---

---