Regulatory disclosure obligations require insurance web aggregators to report material changes, proceedings, claims, property acquisitions, and requested information promptly. Insurance web aggregators must disclose changes affecting their certificate of registration and proceedings initiated by other regulatory or government ... Summary
Referred In :
International Financial Services Centres Authority (Insurance Web Aggregator) Regulations, 2022
Regulatory disclosure obligations require insurance web aggregators to report material changes, proceedings, claims, property acquisitions, and requested information promptly.
Insurance web aggregators must disclose changes affecting their certificate of registration and proceedings initiated by other regulatory or government bodies within thirty days. Actions or directions issued in those proceedings must be reported within the same period. Information on professional indemnity policy claims and property acquisitions in India must be furnished within fifteen days. Applicants must voluntarily disclose changes in application information arising after filing or during processing. The Authority may also require further information, data or documents in a specified manner.
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