Regulatory Alerts2020-08-05
Added · Updated
Circular Issued by the Insurance Authority on Sandbox Application for the Distribution of Long Term Insurance Policies via Video Conferencing Tools
The Insurance Authority issued this circular on 5 August 2020 to outline the requirements for sandbox applications seeking to distribute long-term insurance policies using video conferencing tools. The document establishes the regulatory framework and specific conditions under which authorized institutions may utilize remote video communication for insurance sales within the sandbox environment. It serves as the official guidance for applicants navigating the approval process for this specific distribution channel.
Topics
Share