Remuneration to lnsurance lntermediaries for Direct lnsurance Business New and Renewal

Jan 29, 2019 | by Avantis RegTech Legal Research Team

The Insurance Regulatory and Development Authority of India (IRDAI) on January 25, 2019 has advised the insurers not to book new or renew insurance business received directly from the customers in the name of the Insurance Intermediaries.

The insurance intermediaries have been directed not to receive remuneration from Insurers or insurance business directly received by the Insurer from the customer.

[Ref No. IRDAI/BRI(ORD/MlSCl o J910112019]



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