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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Q. What factor does the IRDA give preference to in the grant of a certificate of registration?

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Q. Within what timeframe may an applicant appeal to the Central Government for reconsideration if the IRDA rejects the application for registration?

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Q. By what date should an insurer renew their registration each year?

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Q. What is the basis for calculating the renewal fee for an insurer's registration?

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Q. In the case of an insurer solely engaged in re-insurance business, what is considered for calculating the renewal fee?

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Q. Under what circumstances may the registration of an Indian insurance company or insurer be suspended?

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