International Financial Services Centres Authority (Management Control, Administrative Control and Market Conduct of Insurance Business) Regulations, 2023
International Financial Services Centres Authority (Management Control, Administrative Control and Market Conduct of Insurance Business) Regulations, 2023
International Financial Services Centres Authority (Management Control, Administrative Control and Market Conduct of Insurance Business) Regulations, 2023 Chapter IV MARKET CONDUCT
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Insurance advertising transparency requires truthful, substantiated and compliant communications, with issued policies required to match promotional representations. IIOs and IIIOs must issue advertisements using fair, honest and transparent practices that preserve public confidence. Advertising communications must be ... Summary
Insurance advertising transparency requires truthful, substantiated and compliant communications, with issued policies required to match promotional representations.
IIOs and IIIOs must issue advertisements using fair, honest and transparent practices that preserve public confidence. Advertising communications must be relevant, fair, simple, truthful, accurate, capable of substantiation, and compliant with applicable advertising standards and Indian law. Each entity is responsible for the accuracy of advertisements issued on its behalf. An IIO must ensure that policies issued to policyholders conform to its advertisements.
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