TaxTMI 
TaxTMI 
Definitions
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....y: (a) "Act" means the International Financial Services Centres Authority Act, 2019 (50 of 2019); (b) "Agreement" means an agreement entered between an Insurance Web Aggregator and an Insurer; (c) "Applicant" means: - (i) an Insurance Web Aggregator registered with IRDAI; (ii) an Insurance Broker registered with the Authority under the International Fin....
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....s Authority established under section 4 (1) of the Act; (f) "Designated Website" for the purpose of these regulations means an exclusive website with domain name registered, owned by and used for the functions of the IWA; (g) "Distance Marketing" means the process of solicitation or sale of insurance products where the consumer is physically not present at the point of solicitati....
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.... Development Authority of India established under the provisions of Section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999); (l) "Key Management Personnel" or "KMP" means Chief Executive Officer, Chief Operating Officer, Chief Marketing Officer, Chief Financial Officer, Head-Technical, Head- Information Technology or such other personnel as specified by the ....
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.... of an IWA; (ii) a Director / Partner or any other person, who has been entrusted with the responsibility to comply with these regulations; or (iii) an employee of the IWA who is responsible for the decisions made by such IWA in IFSC for its management, administration and operations; (q) "Solicitation" for the purpose of these regulations means approaching a prospect by ....