TaxTMI 
TaxTMI 
Definitions
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....means - (i) an 'insurer' registered with the Insurance Regulatory and Development Authority of India under section 3 of the Insurance Act, 1938 (4 of 1938), (ii) a Foreign Insurer or Foreign Re-insurer; (iii) a Society of Lloyd's on behalf of Members of Lloyd's; (iv) a 'Branch Office of foreign insurer' or 'Lloyd's India' registered by the IRDAI; (v) a ....
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....ection 4 of the Act; (d) 'binding agreement' means an agreement between an MGA and a foreign insurer or foreign reinsurer, under which a foreign insurer or foreign re-insurer authorises an MGA to act as an agent and to enter into a contract of insurance on its behalf; (e) 'Board of the Applicant' for the purposes of these Regulations means a 'Board' as defined under the Companies....
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....ce Act, 1938; (j) 'International Financial Services Centre' or 'IFSC' shall have the same meaning as assigned to it under section clause (g) of sub-section (1) of section 3 of the Act; (k) 'International Financial Service Centre Insurance Office' or 'IIO' means a financial institution under clause (c) of sub-section (1) of Section 3 of the Act that is registered with the Authorit....
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....rtake insurance or reinsurance or both pursuant to a binding agreement with a Foreign Insurer or Foreign Reinsurer; or (ii) a company incorporated under the Companies Act, 2013 that is authorized to undertake business of insurance or re-insurance or both pursuant to a binding agreement with a Foreign Insurer or Foreign Re-insurer. (q) 'Parent Entity' or 'Head Office' means the Ap....