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IA-2.2.2

An insurance aggregator desirous of transmitting proposals to an insurance firm must enter into an "agreement" with the insurance firm which must include at least the following details:

a) Timeframe and mode of transmission of proposals to be shared;
b) Onus of complying with regulatory and other legal requirements on both the parties to the agreement;
c) Identifying the different data elements to be shared such as name of prospective client/client/visitor of the web site, contact details etc.;
d) The timeframe for providing the premium and feature tables of the agreed products to the insurance aggregator after concluding the agreement and keeping them up to date.
October 2019