Insurance product definitions establish the meaning of electronic policies, proposals, insurance accounts, returns, and regulated insurance entities.

Regulation 3 identifies the Authority, board, International Financial Services Centre Insurance Office, insurance intermediary, insurance product, insurance policy, inspection and return. An insurance policy evidences an insurance contract issued by an IIO, and an insurance product includes any insurance contract sold or proposed for sale. A return comprises periodic non-exempt information required from regulated entities, excluding information specifically called for through regulatory powers. It also defines electronic accounts, electronic proposals and electronically issued, digitally signed insurance policies.

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