Insurance business registration certificates prescribe separate registration for entities and joint registration for foreign insurers or reinsurers with MGAs.

Registration of insurance business in an International Financial Services Centre is evidenced through prescribed certificates issued under the IFSCA Act, 2019, read with the Insurance Act, 1938. Form A grants registration to a named entity for specified classes of insurance business. Form B provides joint registration for a relevant foreign insurer or foreign reinsurer and its managing general agent, recognising the MGA as acting for that insurer or reinsurer in relation to scheduled business classes. Both certificates remain subject to the applicable statutory and regulatory framework.

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