Renewal of IWA registration requires timely application, prescribed training, and limits fresh insurance business during registration lapse.

Renewal of an Insurance Web Aggregator certificate of registration requires timely filing in the prescribed format with the prescribed fee and required documents. Delayed applications attract an additional fee by way of penalty and may be considered after expiry only where the delay is condoned. During expiry or pending renewal, no fresh insurance business may be undertaken, although existing policyholders may be serviced. Grant conditions apply to renewal, prescribed training is required for designated personnel, and successful renewal operates for a further three-year period.

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