Mandatory third party liability insurance for Indian insurance intermediaries
The Indian regulatory authority IRDAI has made it mandatory for insurance intermediaries engaged in the distribution of insurance products to underwrite a professional third-party liability insurance policy.
Insurers are now required to provide professional third-party liability coverage to brokers, agents, website aggregators and insurance marketing companies.
The new guidelines will come into effect on 1 July 2021.
Read also | Indian insurance martket
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Thu, 17/06/2021 - 14:40
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