https://www.taxtmi.com/caselaws?id=113195 An Indian intermediary that collects insurance premium in India and delivers mediclaim certificates in India on behalf of a foreign insurer is carrying on insurance business in India. The statutory scheme treats an insurance agent as one who solicits or procures insurance business, and a foreign insurer as covered where it carries on business in India through a representative or place of business. Prior permissions from other governmental authorities do not displace compliance with the insurance regulatory regime. The regulatory direction requiring registration or a licence was therefore upheld, and the writ petition was dismissed. en-us Tue, 21 Sep 2010 00:00:00 +0530 Fri, 04 May 2012 12:51:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113195 An Indian intermediary that collects insurance premium in India and delivers mediclaim certificates in India on behalf of a foreign insurer is carrying on insurance business in India. The statutory scheme treats an insurance agent as one who solicits or procures insurance business, and a foreign insurer as covered where it carries on business in India through a representative or place of business. Prior permissions from other governmental authorities do not displace compliance with the insurance regulatory regime. The regulatory direction requiring registration or a licence was therefore upheld, and the writ petition was dismissed. Case-Laws Companies Law Tue, 21 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113195