Maintenance of Insurance Records and Submission of Requisite Information for Investigation and InspectionInternational Financial Services Centres Authority (Maintenance of Insurance Records and Submission of Requisite Information for Investigation and Inspection) Regulations, 2022
Maintenance of Insurance Records and Submission of Requisite Information for Investigation and InspectionInternational Financial Services Centres Authority (Maintenance of Insurance Records and Submission of Requisite Information for Investigation and Inspection) Regulations, 2022
Regulation 4 - Maintenance of Policy and Claims records
International Financial Services Centres Authority (Maintenance of Insurance Records and Submission of Requisite Information for Investigation and Inspection) Regulations, 2022
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Insurance record governance requires IIOs to secure electronic policy, claims and reinsurance records in Indian data centres. IIOs must maintain a Board-approved records maintenance policy addressing electronic records, data privacy and security, cybersecurity, system security, ... Summary
Insurance record governance requires IIOs to secure electronic policy, claims and reinsurance records in Indian data centres.
IIOs must maintain a Board-approved records maintenance policy addressing electronic records, data privacy and security, cybersecurity, system security, backups, disaster recovery, business continuity, archival and Board Risk Management Committee oversight. Records must be electronically retrievable with security features. Policy, claims and reinsurance records must be held only in Indian data centres, including an IFSC. Board-approved policies require annual review within 90 days after the financial year ends.
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