Regulatory Alerts2019-10-22
Added · Updated
Explanatory Note on Licensing Requirements for Banking Sector under Regulatory Regime for Insurance Intermediaries
The Insurance Authority issued this explanatory note to clarify licensing requirements for the banking sector participating in the regulatory regime for insurance intermediaries. The document outlines the specific obligations and compliance standards that authorized institutions must adhere to when engaging in insurance intermediary activities. It serves as a key reference for banks navigating the intersection of banking and insurance regulations under the IA's oversight.