Section 17 in International Financial Services Centres Authority (Insurance Products and Pricing) Regulations, 2022
17. Fee for issuing acknowledgement of Notice of Transfer or Assignment of insurance policy:
An IO shall collect fee not more than USD 5 (USD Five only) for granting acknowledgement of notice of transfer or assignment of the insurance policies issued by it (including e-insurance policies).Explanation: An MIO shall not collect any other fee for rendering any other services referred to in section 38 of the Insurance Act, 938, including recording the fact of the transfer or assignment.
