Insurance web aggregator registration requires fit and proper management, dedicated infrastructure, conflict safeguards, and continuing financial compliance. Registration as an Insurance Web Aggregator is contingent on specified eligibility criteria, including freedom from statutory disqualifications, a ... Summary
Insurance web aggregator registration requires fit and proper management, dedicated infrastructure, conflict safeguards, and continuing financial compliance.
Registration as an Insurance Web Aggregator is contingent on specified eligibility criteria, including freedom from statutory disqualifications, a principal corporate object of insurance web aggregation, restricted business activities, qualified authorized verifiers, and adequate operational infrastructure. Specified management, ownership, and controlling persons must meet fit and proper requirements, while investors must have sound financial standing and be from FATF-compliant jurisdictions. Applicants must also undertake conflict safeguards, maintain prescribed capital and net worth, operate an India-hosted website, and appoint a responsible principal officer.
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