Draft regulations on Corporate Agents

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By Philip Jackson, Richard W. Holloway, Sanket Kawatkar, Shamit Gupta | 08 April 2015
The Insurance Laws (Amendment) Act 2015, introduced in March, has defined ‘Corporate Agents’ (i.e., the third-party distributors of insurance products) as ‘insurance intermediaries.’ With this new definition comes a fresh set of regulations covering the registration and other aspects for regulating such Corporate Agents.