https://www.taxtmi.com/acts?id=54581 Foreign insurers that execute a BAA with an MGA must maintain operational oversight through periodic compliance checks. The insurer is required to conduct an independent annual audit of the MGA's records to confirm compliance with the BAA and net worth requirements, and to carry out on-site reviews of underwriting and claims processing at least twice a year. Where an MGA establishes loss reserves, the insurer must also obtain an annual independent actuary's opinion on reserve adequacy. en-us Tue, 16 Jun 2026 16:22:54 +0530 Tue, 16 Jun 2026 16:22:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54581 Foreign insurers that execute a BAA with an MGA must maintain operational oversight through periodic compliance checks. The insurer is required to conduct an independent annual audit of the MGA's records to confirm compliance with the BAA and net worth requirements, and to carry out on-site reviews of underwriting and claims processing at least twice a year. Where an MGA establishes loss reserves, the insurer must also obtain an annual independent actuary's opinion on reserve adequacy. Act-Rules Indian Laws Tue, 16 Jun 2026 16:22:54 +0530 https://www.taxtmi.com/acts?id=54581