Section 7(d) in The Insurance Regulatory And Development Authority (Registration Of Indian Insurance Companies) Regulations, 2000
(d)the applicant submitting requisition for registration application-(i)is a bona fide applicant for registration under section 3 of the Act;(ii)will be in a position to comply with all the requirements for grant of certificate, may accept the requisition and direct supply of the application for registration to the applicant.
