Definitions

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....pany incorporated under the Companies Act, 2013, or a firm or a co-operative society; or (iv) a body corporate incorporated under the laws of any country outside India. (c) "Authorised verifier" means a person employed by the insurance intermediary for insurance solicitation and procurement through telemarketing and distance marketing mode; (d) "Authority" means the International Financial Services Centres Authority established under section 4 (1) of the Act; (e) "Broker Qualified Person" means an individual who is an employee or director of the insurance broker engaged in solicitation and procurement of insurance business and who has undergone training and passed the examination as specified by Authority....

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....IIO' shall have the same meaning as assigned to it under section 3 (1) (k) of the IFSCA (Registration of Insurance Business) Regulations, 2021; (n) "Insurance Act" means the Insurance Act, 1938 (4 of 1938); (o) "Insurance broker" means a person registered with the Authority under these regulations, who is a direct broker, a reinsurance broker or a composite broker; (p) "Insurance self-network platform" means an electronic platform set-up by an intermediary or insurance intermediary for the purpose of distribution, procurement or solicitation of insurance or reinsurance business. (q) "Insurer" for the purposes of these Regulations means an entity incorporated under the law of any country and duly registere....

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....nagement, administration and operations and in case of IIIO registered as a branch office, the same shall be construed as "Branch Head"; (y) "Regulations" means the International Financial Services Centres Authority (Insurance Intermediary) Regulations, 2021; (z) "Reinsurance broker" means an insurance broker registered with the Authority who for a remuneration and/or a fee, solicits and arranges re-insurance for its clients with insurers and/or reinsurers, and/or provide risk management services, as permitted under these regulations; (aa) "Risk Management" means providing insurance risk management services viz. risk assessment, risk advisory, risk mitigation or risk minimisation by an insurance broker to its clie....