Q. What action should the insurance company take if a TPA's license is revoked or canceled?

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Q. Within how many days can a TPA file a review application with the Authority after the revocation or cancellation of its license?

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Q. Within what time frame should the Authority dispose of a review application filed by a TPA after the revocation or cancellation of its license?

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Q. What is the duty of a TPA, its Chief Administrative Officer or Chief Executive Officer, and its employees or representatives regarding their identity and license disclosure?

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Q. What should a TPA do if it becomes aware of any adverse report or inconsistencies relevant to the insurance company's business?

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Q. According to the Code of Conduct, what should a TPA refrain from doing in relation to insured/policyholders of a particular insurance company?

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Q. How long is a TPA required to maintain proper records, documents, evidence, and books of all transactions carried out on behalf of an insurance company?

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Q. What is the obligation of a TPA if its license is revoked or cancelled?

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Q. What reports is a TPA required to furnish to the insurance company and the IRDA?

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Q. When should the Annual Report of a TPA be submitted to the IRDA?

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Q. What is the maximum permissible equity participation of a foreign company in an insurance company as per the general registration requirements?

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Q. How does the Insurance Act and its regulations determine the computation of the twenty-six percent equity participation by a foreign company?

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Q. Can an applicant carry on more than one type of insurance business under a single company?

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Q. What specific words are required to be included in the name of the applicant for insurance business registration?

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Q. What is the minimum paid-up equity capital required for an applicant seeking to carry on the business of life insurance or general insurance?

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Q. What is the minimum paid-up equity capital required for an applicant carrying on exclusively the business of reinsurance?

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Q. What measure is allowed for promoters holding more than twenty-six percent of the paid-up capital in an Indian insurance company?

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Q. In case the requisition for registration is rejected, when can the applicant approach the IRDA for re-consideration?

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Q. What is the timeframe within which an applicant, whose requisition for registration has been accepted, may make an application for the grant of a certificate of registration?

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Q. If the Authority finds that the assured rates, advantages, terms, and conditions in connection with life insurance business are not workable or sound, what action may it take?

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