Insurance auxiliary services concerning life insurance business
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....tuary, or intermediary or insurance intermediary or insurance agent, in relation to insurance auxiliary services concerning life insurance business; Who is the receiver of service Policy holder or insurer or re-insurer or any other person Who is the provider of service An actuary or intermediary or insurance intermediary or insurance agent Who is liable to pay service tax Insurer (Service Re....
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....nsurance." Meaning of Insurance Auxiliary Service - 65(55) "insurance auxiliary service" means any service provided by an actuary, an intermediary or insurance intermediary or an insurance agent in relation to general insurance business or life insurance business and includes risk assessment, claim settlement, survey and loss assessment; Meaning of Intermediary or Insurance Intermediary - 65(56....
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....er clause (11) of section 2 of the Insurance Act, 1938; "'life insurance business' means the business of effecting contracts of insurance upon human life, including any contract whereby the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, and any contract which is subject to payment of premiums for a term dependent o....
TaxTMI