Insurer definition clarifies entities qualifying as insurers, including domestic companies, statutory bodies, cooperatives and foreign reinsurers. The term Insurer encompasses Indian insurance companies, statutory bodies established by Parliament to conduct insurance business, insurance cooperative ... Summary
Insurer definition clarifies entities qualifying as insurers, including domestic companies, statutory bodies, cooperatives and foreign reinsurers.
The term Insurer encompasses Indian insurance companies, statutory bodies established by Parliament to conduct insurance business, insurance cooperative societies, and foreign companies engaged in reinsurance through branches in India, with "foreign company" covering entities incorporated under foreign law and including internationally organised underwriting arrangements operating through their members.
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