Irdai notifies guidelines on cross-border reinsurers
- The insurer who wishes to place re-insurance business with CBR shall file an online application with the Irdai, for allotment of FRN for CBRs under the category of eligible CBR or non-eligible CBR, as the case may be.
The Insurance Regulatory and Development Authority of India (Irdai) on 22 January notified Guidelines on Cross Border Re-insurers (CBR). The Guidelines aim to streamline the regulatory process with respect to CBRs. According to the Irdai guidelines, "The insurer who wish to place reinsurance business with CBR shall file an online application with the Authority in the form as specified in the guidelines."
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