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Union of India - Section

Section 8 in The Insurance Regulatory And Development Authority (Micro-Insurance) Regulations, 2005

8. Filing of micro-insurance product design.-

(1)Every insurer shall be subject to the "file and use" procedure with respect to filing of micro-insurance products with the Authority.
(2)Every micro-insurance product which is cleared by the Authority for the purpose of micro-insurance shall prominently carry the caption "Micro-Insurance Product" .