Non-applicability of certain regulations and savings
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....lowing regulations, circulars or guidelines issued thereunder shall cease to apply in International Financial Services Centres. (i) the Insurance Regulatory and Development Authority (Distributions of Surplus) Regulations, 2002; (ii) the Insurance Regulatory and Development Authority (Scheme of Amalgamation and Transfer of General Insurance Business) Regulations, 2011; (....
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....i) the Insurance Regulatory and Development Authority of India (Minimum Limits for Annuities and other Benefits) Regulations, 2015; (ix) the Insurance Regulatory and Development Authority of India (Acquisition of Surrender and Paid up values) Regulations, 2015; (x) the Insurance Regulatory and Development Authority of India (Protection of Policyholders' Interests) Regulations, 20....
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....hority of India (Expenses of Management of Insurers transacting General or Health Insurance Business) Regulations, 2023; (xvii) the Insurance Regulatory and Development Authority of India (Payment of Commission) Regulations, 2023. (2) Notwithstanding anything contained in sub-regulation (1), anything done or any action taken or purported to have been done or taken under the regulations....
TaxTMI