Section 36 in Insurance Regulatory and Development Authority of India (Lloyd's India) Regulations, 2016
36. Norms for becoming an Insurance broker placing risks with Lloyd's India.
(a)Only those insurance brokers who have been granted certification of registration by the Authority to work as composite or reinsurance brokers can work for Lloyd's India.(b)The functioning of insurance brokers associated with Lloyd's India will be governed by the IRDA (Insurance Brokers) Regulations, 2013.
