IRDAI notifies on Processing of registration

Apr 27, 2022 | by TeamLease RegTech Legal Research Team

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Industry Specific Compliance The Insurance Regulatory and development Authority of India (IRDAI) on April 26, 2022 has issued a press release regarding Processing of registration applications of new insurers.

IRDAI has set up a new mechanism for processing the requests and applications for registration of new insurance companies under the IRDAI (Registration of Indian Insurance Companies) Regulations, 2000 to bring down the turnaround time for incorporation of a new entity for insurance related activity and for grant of Certificate of Registration to commence insurance business.

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