{"id":2260,"date":"2022-02-17T05:25:50","date_gmt":"2022-02-17T05:25:50","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=2260"},"modified":"2022-02-17T05:25:52","modified_gmt":"2022-02-17T05:25:52","slug":"holding-more-than-one-certificate-of-registration-to-one-group","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/holding-more-than-one-certificate-of-registration-to-one-group\/","title":{"rendered":"Holding more than one Certificate of Registration to one group"},"content":{"rendered":"\n<ol class=\"is-style-none wp-block-list\"><li>1. Clause (d) of sub section (9) of Section 2 of Insurance Act, 1938 provides that a \u201cforeign company\u201d engaged in reinsurance business can transact the business of reinsurance through a branch in India.<\/li><\/ol>\n\n\n\n<p class=\"has-text-align-justify\">2. Accordingly, it is clarified that where the \u2018applicant\u2019 as defined under Regulation 2(b) of the IRDAI (Registration and Operations of Branch Offices of Foreign Reinsurers other than Lloyd\u2019s) Regulations, 2015 falls within a group, no other entity of that group shall be eligible to apply for Certificate of Registration to act as Foreign Reinsurance Branch in India.<\/p>\n\n\n\n<p class=\"has-text-align-justify\">3. This Circular is issued in accordance with the powers conferred under sub section (1) of section 14 of Insurance Regulatory and Development Authority Act, 1999.<\/p>\n\n\n\n<p>4. The above instruction comes into force from the date of this Circular.<\/p>\n\n\n\n<p class=\"has-text-align-right\">S N Rajeswari<\/p>\n\n\n\n<p class=\"has-text-align-right\">(Member-Distribution &amp;<br><br>I\/C of Finance)<\/p>\n\n\n\n<p><strong>For full detail click the link below :<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.dropbox.com\/s\/cmlpo0d2nvgafur\/Circular%20-%20FRB16022022.pdf?dl=0\">https:\/\/www.dropbox.com\/s\/cmlpo0d2nvgafur\/Circular%20-%20FRB16022022.pdf?dl=0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. Clause (d) of sub section (9) of Section 2 of Insurance Act, 1938 provides that a \u201cforeign company\u201d engaged in reinsurance business can transact the business of reinsurance through a branch in India. 2. Accordingly, it is clarified that where the \u2018applicant\u2019 as defined under Regulation 2(b) of the IRDAI (Registration and Operations of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,90],"tags":[106],"class_list":["post-2260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-circulars","category-irda","tag-irdai"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/2260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=2260"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/2260\/revisions"}],"predecessor-version":[{"id":2261,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/2260\/revisions\/2261"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/1539"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=2260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=2260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=2260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}