Regulatory Alerts2021-11-10
INS-S-2-14 Voluntary Cancellation of Insurers and Reinsurers Registration
The regulatory authority issued this guideline to establish the process for insurers and reinsurers voluntarily cancelling their registration. It mandates specific application forms, financial clearances, and formal regulatory approval to finalize the deregistration. The framework further dictates the effective cancellation date and preserves policyholder rights during the transition period.
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