IFSC – insurance business

In the IFSC Registration of Insurance Business Regulations, the IFSCA has amended the same by providing for certificate of compliance from Cost Accountant in practice in addition to certificate from either CS or CA. That is, either one of the three professional members are authorised to give a certificate of compliance with the requirements of registration of insurance business under IFSC.

Similar amendments has been brought about in the Insurance Intermediary regulations to provide for certificate from either of CA/CS/CMA in practice to confirm that application for registration meets with the guidelines specified by the IFSCA.

Both the notifications are available in the IFSC site.

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