Definitions

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....tured re-insurance solutions tailored to suit specific needs and profile of an IIO, Indian insurer, foreign insurer or foreign re- insurer; (d) 'Authority' or 'IFSCA' means the International Financial Services Centres Authority established under sub-section (1) of Section 4 of the Act; (e) 'board' means the board of directors of an IIO; or the Board of the Parent Entity of an IIO, in case the IIO is in an unincorporated form; (f) 'cedant' means an IIO who underwrites direct insurance business and contractually cedes a part of its risk to a re-insurer; (g) 'cession' means the part of risk passed to a re-insurer by the cedant; (h) 'cover note' means a written document, detailing the....

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....1999 (41 of 1999); (o) 'insurance segment', for the purpose of these regulations, means insurance or re-insurance business transacted by an IIO in any one or more of the following segment: (i) Fire (Other than Oil & Energy); (ii) Marine Hull; (iii) Marine Cargo; (iv) Engineering; (v) Aviation; (vi) Motor; (vii) Health (including Personal Accident & Travel), other than policies issued by insurers transacting Life Insurance business; (viii) Crop; (ix) Trade Credit; (x) Oil & Energy; (xi) Liability; (xii) Miscellaneous; (xiii) Life (including health insurance policies issued by Life Insurers); (xiv) Any other s....