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    <description>Repeal and saving provisions disapply the Insurance Regulatory and Development Authority (Manner of Receipt of Premium) Regulations, 2002, in an International Financial Services Centre and omit clause (2) of Chapter 2 of the International Financial Services Centres Authority insurance office guidelines. An IIO operating in an IFSC before commencement must comply with additional requirements within six months, subject to any extended period permitted by the Authority.</description>
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      <description>Repeal and saving provisions disapply the Insurance Regulatory and Development Authority (Manner of Receipt of Premium) Regulations, 2002, in an International Financial Services Centre and omit clause (2) of Chapter 2 of the International Financial Services Centres Authority insurance office guidelines. An IIO operating in an IFSC before commencement must comply with additional requirements within six months, subject to any extended period permitted by the Authority.</description>
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