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Reinsurance Broker – 3 times the remuneration received at the end of the-every financial year subject of reinsurance limit of Rs.2,50,00,000/. Composite Broker – 3 times the remuneration received at the end of the every financial year subject to a minimum limit of Rs.5,00,00,000/. Third Party Administrators provides the Health Service. According to relevant IRDA Regulations, that means a Third Party Administrator who is licensed by the Authority and is engaged, for a fee or remuneration as you, specified in the segment with an insurance company for the provision of health services for the Accident compensation claim. “Health Services” means all the services to be rendered by a tariff, under an agreement with an insurance company in connection with health insurance business” but does not include the business.

This entry was posted on Sunday, January 24th, 2010 at 5:57 am and is filed under Miscellaneous. Both comments and pings are currently closed.