Regulation 16 - Arrangements with insurers for distribution of products
International Financial Services Centres Authority (Insurance Web Aggregator) Regulations, 2022 Chapter IV CORPORATE GOVERNANCE, OPERATIONS AND MANAGEMENT
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Insurer distribution arrangements must protect prospects and policyholders while complying with Authority-specified requirements for product distribution. Insurance Web Aggregators are prohibited from entering arrangements with insurers that operate against the interests of prospects and policyholders. ... Summary
Insurer distribution arrangements must protect prospects and policyholders while complying with Authority-specified requirements for product distribution.
Insurance Web Aggregators are prohibited from entering arrangements with insurers that operate against the interests of prospects and policyholders. Arrangements for distributing insurance products must conform to requirements specified by the International Financial Services Centres Authority, making protection of prospects and policyholders a governing condition for insurer-aggregator distribution arrangements.
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