Section 1 in International Financial Services Centres Authority (Insurance Products and Pricing) Regulations, 2022
1. Short title, commencement and applicability -
(1)These regulations may be called the International Financial Services Centre Authority (Insurance Products and Pricing) Regulations, 2022.(2)These regulations shall come into force from the date of their publication in the Official Gazette.(3)These regulations shall be applicable to IOs excluding those engaged in transacting of re-insurance business.Explanation- Where an IO is engaged in transacting both, direct as well as re-insurance business, these regulations shall be applicable only in respect of direct insurance business.
