Ministry : Insurance Regulatory And Development Authority (Not Applicable)
Part III-Section 4
Subject : Extra Ordinary
The Gazette of India: Extraordinary
Gazette Title
Insurance Regulatory and Development Authority of India (Registration and Operations of Foreign Reinsurers Branches & Lloyd’s India) Regulations, 2024
Gazette Number
2222 GI/2024
Publication Date
March 20, 2024
Issuing Authority
Insurance Regulatory and Development Authority of India
Summary
- Regulations aimed at promoting orderly growth of the reinsurance market in India.
- Strengthening and harmonizing the legal and regulatory framework for entities engaged in reinsurance operations.
- Establishing eligibility criteria for applicants seeking registration to operate in India.
- Outlining the procedures for registration of foreign reinsurer branches and Lloyd’s India.
- Specifying conditions for the grant of registration and operational requirements for compliance.
