https://www.taxtmi.com/acts?id=54596 Suspension or cancellation of a Managing General Agent's certificate of registration causes the MGA to cease acting as such from the date of the final order. The suspended or cancelled MGA must continue servicing existing contracts for six months and arrange transfer of those contracts to another registered MGA. The Competent Authority may also determine disposal of the MGA's deposit. A new MGA taking over policy servicing must seek the foreign insurer's approval, and remuneration on subsisting contracts is payable prospectively from the date of transfer. en-us Tue, 16 Jun 2026 16:29:20 +0530 Tue, 16 Jun 2026 16:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54596 Suspension or cancellation of a Managing General Agent's certificate of registration causes the MGA to cease acting as such from the date of the final order. The suspended or cancelled MGA must continue servicing existing contracts for six months and arrange transfer of those contracts to another registered MGA. The Competent Authority may also determine disposal of the MGA's deposit. A new MGA taking over policy servicing must seek the foreign insurer's approval, and remuneration on subsisting contracts is payable prospectively from the date of transfer. Act-Rules Indian Laws Tue, 16 Jun 2026 16:29:20 +0530 https://www.taxtmi.com/acts?id=54596