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of <h1>Insurance Auxiliary Services Taxable Since 2001; Insurers Liable for Service Tax on Risk and Claim Services</h1> Insurance auxiliary services related to general insurance, effective from July 16, 2001, are taxable. These services, provided by actuaries, intermediaries, or insurance agents, include risk assessment, claim settlement, and loss assessment. The insurer, as the service receiver, is liable for the service tax. Definitions are provided for key terms such as actuary, general insurance business, insurance agent, insurance auxiliary service, and insurance intermediary. A circular dated August 23, 2007, supersedes previous clarifications on service tax, affecting the scope, classification, and valuation of taxable services, and related technical issues.
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