Insurance Web Aggregator renewal refusal ends new operations while requiring continuity arrangements for existing insurance contracts. Refusal of renewal of an Insurance Web Aggregator registration requires the applicant to cease acting as an IWA from the effective date specified by the ... Summary
Insurance Web Aggregator renewal refusal ends new operations while requiring continuity arrangements for existing insurance contracts.
Refusal of renewal of an Insurance Web Aggregator registration requires the applicant to cease acting as an IWA from the effective date specified by the Authority. The IWA must continue servicing existing contracts until their expiry or for six months from refusal, whichever is earlier, and must arrange for another registered IWA in the same category to attend to those contracts. The Authority may require details of the transition arrangements.
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