https://www.taxtmi.com/acts?id=55354 Regulation 3 defines eligible applicants for IFSC insurance business registration, including Indian and foreign insurers, reinsurers, Lloyd's, specified companies, co-operative societies, foreign body corporates, and MGAs acting under binding agreements. It defines an IIO as a registered financial institution undertaking permissible activities and specifies that a binding agreement authorises an MGA to act for and enter insurance contracts on behalf of a foreign insurer or reinsurer. Net Owned Fund is based on the last audited balance sheet and excludes subsequently raised capital. en-us Wed, 16 Sep 2026 11:13:32 +0530 Wed, 16 Sep 2026 11:38:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55354 Regulation 3 defines eligible applicants for IFSC insurance business registration, including Indian and foreign insurers, reinsurers, Lloyd's, specified companies, co-operative societies, foreign body corporates, and MGAs acting under binding agreements. It defines an IIO as a registered financial institution undertaking permissible activities and specifies that a binding agreement authorises an MGA to act for and enter insurance contracts on behalf of a foreign insurer or reinsurer. Net Owned Fund is based on the last audited balance sheet and excludes subsequently raised capital. Act-Rules Indian Laws Wed, 16 Sep 2026 11:13:32 +0530 https://www.taxtmi.com/acts?id=55354