Conditions upon issuance of Certificate of Registration

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ing conditions, that it shall - (1) exclusively carry on the business for which the registration has been granted, in the manner as specified in Schedule-I of these regulations; (2) comply with the provisions of sub-section (5) of section 42D of the Insurance Act, 1938 (4 of 1938); (3) comply with the applicable laws; (4) have at all times, a valid and subsisting BAA with the foreign i....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s in the IFSC" dated December 02, 2024; (10) solicit and procure insurance policies commensurate with its resources; (11) maintain records in the format specified by the Competent Authority which shall capture details of each policy managed by an MGA and against each policy the authorised person(s) managing the same shall be identified, wherever applicable; (12) under no circumstances, un....