https://www.taxtmi.com/acts?id=55450 Professional indemnity insurance for an Insurance Web Aggregator must provide annual claims-made cover for negligence, fraud-related liability, document loss and dishonest acts by employees. Claim payments cannot depend on the IWA first meeting its liability. Indemnity limits must equal twice remuneration received at each financial-year end, subject to prescribed minimum and maximum limits, while uninsured excess is capped at five percent of capital employed. Branch-form IWAs require head-office cover endorsed for IFSC branch liabilities. en-us Fri, 18 Sep 2026 16:40:06 +0530 Fri, 18 Sep 2026 16:47:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55450 Professional indemnity insurance for an Insurance Web Aggregator must provide annual claims-made cover for negligence, fraud-related liability, document loss and dishonest acts by employees. Claim payments cannot depend on the IWA first meeting its liability. Indemnity limits must equal twice remuneration received at each financial-year end, subject to prescribed minimum and maximum limits, while uninsured excess is capped at five percent of capital employed. Branch-form IWAs require head-office cover endorsed for IFSC branch liabilities. Act-Rules Indian Laws Fri, 18 Sep 2026 16:40:06 +0530 https://www.taxtmi.com/acts?id=55450