https://www.taxtmi.com/notifications?id=146995 IIOs conducting direct insurance business must operate under a board-approved Product Oversight and Governance Policy covering product design, approval, review, distribution and corrective action. Products must suit the needs, characteristics and objectives of target prospects, with rates, terms and conditions justified and certified by a qualified actuary. IIOs must test products, manage intermediary-related conflicts, retain approval records and submit product information when required. Non-conforming or policyholder-adverse products may be suspended, modified or withdrawn, and their marketing must then cease. en-us Thu, 12 Jan 2023 00:00:00 +0530 Fri, 18 Sep 2026 18:27:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=146995 IIOs conducting direct insurance business must operate under a board-approved Product Oversight and Governance Policy covering product design, approval, review, distribution and corrective action. Products must suit the needs, characteristics and objectives of target prospects, with rates, terms and conditions justified and certified by a qualified actuary. IIOs must test products, manage intermediary-related conflicts, retain approval records and submit product information when required. Non-conforming or policyholder-adverse products may be suspended, modified or withdrawn, and their marketing must then cease. Notifications Indian Laws Thu, 12 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=146995