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    Insurance brokers must be granted certification of registration by the Insurance Regulatory and Development Authority of India (IRDA) to work as composite or reinsurance brokers before they can place risks with Lloyd's India. The functioning of these insurance brokers associated with Lloyd's India will be governed by the IRDA (Insurance Brokers) Regulations of 2013.

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    Insurance brokers must be granted certification of registration by the Insurance Regulatory and Development Authority of India (IRDA) to work as composite or reinsurance brokers before they can place risks with Lloyd's India. The functioning of these insurance brokers associated with Lloyd's India will be governed by the IRDA (Insurance Brokers) Regulations of 2013.

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    8 views1 page

    7

    Uploaded by

    Srishti Jain
    Insurance brokers must be granted certification of registration by the Insurance Regulatory and Development Authority of India (IRDA) to work as composite or reinsurance brokers before they can place risks with Lloyd's India. The functioning of these insurance brokers associated with Lloyd's India will be governed by the IRDA (Insurance Brokers) Regulations of 2013.

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    of 1

    CHAPTER VII

    INSURANCE BROKERS PLACING RISKS WITH LLOYD'S INDIA

    Toc

    36. Norms for becoming an Insurance broker placing risks with Lloyd's India.--

    (a) Only those insurance brokers who have been granted certification of registration by the Authority to work as
    composite or reinsurance brokers can work for Lloyd's India.

    (b) The functioning of insurance brokers associated with Lloyd's India will be governed by the IRDA (Insurance Brokers)
    Regulations, 2013.

    Toc

    22-11-2023 (Page 1 of 1) www.manupatra.com Consortia Legal

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