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Regulation & Compliance

Sarvada research, workflows, and commentary focused on regulation & compliance.

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Regulation & Compliance

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August 7, 2026

Lead storyRegulation & Compliance - August 7, 2026 - 11 min read

The Supreme Court's Four-Layer Motor Policy Order: A Fleet Compliance List Before the 18 August Hearing

The Supreme Court's 4 August 2026 order in National Insurance v. Thungala Dhana Laxmi records 16.54 crore uninsured vehicles, mandates a four-layer motor policy structure and camera-based enforcement, and returns on 18 August. Here is what corporate fleets and logistics contractors should verify before then.

By Tarun Kumar Singh

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145 articles

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Regulation & Compliance - August 2, 2026 - 11 min read

Perpetual Registration, an Annual Fee and 31 January 2027: The Notified Intermediaries Amendment Compliance Clock

IRDAI notified the Insurance Intermediaries (Amendment) Regulations, 2026 on 31 July, making broker, corporate agent, IMF and web aggregator registrations perpetual against an annual fee. Two dates now run the clock: fresh-certificate applications by 31 January 2027, and salesperson tagging on every proposal and policy from 1 January 2027.

By Tarun Kumar Singh

Regulation & Compliance - July 29, 2026 - 11 min read

IRDAI's Penalty Procedure Regulations: The 21-Day Show-Cause Clock and the File You Build Before the Notice

IRDAI approved the Manner and Procedure for Imposing Penalties Regulations, 2026 at its 137th Authority Meeting, codifying what a show-cause notice must contain and giving noticees a minimum 21 days to reply. Why a broking firm cannot assemble that reply from a standing start, and the readiness pack to build before the notice arrives.

By Tarun Kumar Singh

Regulation & Compliance - July 24, 2026 - 11 min read

Claim Turnaround Entitlements Under IRDAI's Policyholder Protection Regulations: What Commercial Buyers Can Demand

A commercial claim does not sit at the insurer's convenience. IRDAI's policyholder-protection framework fixes turnaround times for surveyor appointment, survey reporting, and settlement, and makes interest on delay an entitlement rather than a favour. The checklist a risk manager can quote back to an insurer.

By Tarun Kumar Singh

Regulation & Compliance - July 23, 2026 - 11 min read

Referrals, Leads, and Solicitation: Where IRDAI Draws the Line in Insurance Distribution

A platform can pass a customer's name to an insurer. It cannot describe the product, recommend it, or take a fee per policy without a licence. The line between a legal referral and unlicensed solicitation is where partner programmes live or die, and IRDAI reads it on substance, not on what the contract calls the payment.

By Tarun Kumar Singh

Regulation & Compliance - July 23, 2026 - 11 min read

The Insurance Marketing Firm Licence: A Distribution Model Between Agency and Broking

The IMF is the distribution licence nobody explains: an area-based firm that can solicit for a small panel of insurers per line and sell other financial products alongside. What it can do, what it costs, and how it stacks up against corporate agency and broking for someone deciding which licence to build a business on.

By Tarun Kumar Singh

Regulation & Compliance - July 22, 2026 - 11 min read

The Marine Insurance Act, 1963: The Statute Behind Every Cargo Policy, Explained for Buyers

Institute Cargo Clauses tell you what a policy covers. The Marine Insurance Act, 1963 decides what happens when a claim is fought: insurable interest, disclosure, warranties, deviation, and total loss. A buyer-oriented walk through the doctrines that resolve Indian cargo disputes.

By Tarun Kumar Singh

Regulation & Compliance - July 21, 2026 - 11 min read

Section 102 After the SBSR Act: The Rs 10 Crore Penalty Ceiling and What It Means for Broking Firms

The SBSR Act lifted the Section 102 penalty ceiling from Rs 1 crore to Rs 10 crore, keeping the Rs 1 lakh per day mechanic that turns a slow-to-fix breach into a large number. A firm-level look at what a tenfold ceiling does to board oversight, conduct training, and the limits of professional indemnity cover.

By Tarun Kumar Singh

Regulation & Compliance - July 20, 2026 - 11 min read

Stamp Duty on Insurance Policies in India: Who Pays, How Much, and Why State Lines Matter

Stamp duty on an insurance policy is small enough to ignore until an under-stamped policy meets a contested claim in court. Who bears it, why the rate on a policy of insurance is a national matter rather than a state one, where state lines actually bite, and the admissibility risk that makes the duty worth getting right.

By Tarun Kumar Singh

Regulation & Compliance - July 20, 2026 - 11 min read

Perpetual Registration for Surveyors: What IRDAI's June 2026 Draft Changes for Claims Panels

IRDAI's June 2026 draft would replace the fixed-term surveyor licence with perpetual registration on an annual fee. The renewal cycle that quietly policed surveyor competence would disappear, and the burden of assessing who stays fit to survey shifts onto the insurers and brokers who empanel them.

By Tarun Kumar Singh

Regulation & Compliance - July 19, 2026 - 11 min read

GST Input Tax Credit on Commercial Insurance Premiums: What Corporate Buyers Can and Cannot Claim

Whether the 18% GST on a commercial insurance premium is a cost or a wash depends entirely on input tax credit, and Section 17(5) makes that a policy-by-policy question. What is cleanly creditable, what is blocked, where employee health cover sits, and the filing mistakes that cost the credit anyway.

By Tarun Kumar Singh

Regulation & Compliance - July 19, 2026 - 10 min read

Insurer Share Transfers After the June 2026 Registration Draft: The 5% Threshold and What Listed Insurers Lost

IRDAI's June 2026 registration exposure draft would lift the transferor approval threshold for insurer share transfers from 1% to 5% and retire the bespoke self-certification route for listed-insurer transfers between the two. What a stake sale now requires, and the questions that stay open until the regulation is notified.

By Tarun Kumar Singh

Regulation & Compliance - July 18, 2026 - 10 min read

The SBSR Act's Rulebook Takes Shape: Tracking IRDAI's June 2026 Exposure Drafts

The Sabka Bima Sabki Raksha Act amended the statute in February 2026, but a statute is not a rulebook. In June 2026 IRDAI put four exposure drafts out for comment in quick succession. Here is the map of which reforms now have draft regulations, which are still pending, and why none of the four is yet in force.

By Tarun Kumar Singh

Regulation & Compliance - July 16, 2026 - 10 min read

When a Client Complains: Grievance Redress and Where the Advisor Fits

A policyholder's complaint runs against the insurer, not against you, and the redress process has no seat for the person who sold the policy. You have no standing in it and every interest in its outcome, because the finding travels back down the contract to your code.

By Tarun Kumar Singh

Regulation & Compliance - July 16, 2026 - 12 min read

How a POSP Actually Gets Paid: The Engagement Contract, the Board-Approved Policy and the EOM Envelope

A POSP's pay is a contract term, not a regulatory entitlement. Trace the chain upward from your engagement contract to the insurer's board-approved commission policy and the expense envelope around both, and it becomes clear why nobody can quote you a rule.

By Tarun Kumar Singh

Regulation & Compliance - July 16, 2026 - 10 min read

Who Can Become a POSP: Eligibility, Examination and Registration

Eighteen years completed and a 10th standard pass is the whole eligibility test. Who qualifies, which documents you will be asked for, why there is no application to file with IRDAI, and what the deliberately low barrier does not buy you.

By Tarun Kumar Singh

Regulation & Compliance - July 16, 2026 - 10 min read

IRDAI Inspections of Broker Commission: Findings, Penalties and Remediation

An inspection is not a return. It is an on-site examination that samples your placements, writes a report, and can put a show-cause notice on your principal officer's desk. What the inspection sequence looks like end to end, what the June 2026 exposure draft on penalty procedure would formalise, and why a commission finding costs more now that licences never expire.

By Tarun Kumar Singh

Regulation & Compliance - July 15, 2026 - 10 min read

The DPDP Act and the Advisor's Client Data: What Your Principal Will Push Down to You

Nobody has authoritatively said what an individual insurance advisor is under the DPDP Act. What is certain is the calendar: November 2026 for enforcement powers, May 2027 for the substantive provisions. Between now and then, the obligations reach you not from the regulator but through your engagement contract.

By Tarun Kumar Singh

Regulation & Compliance - July 15, 2026 - 11 min read

Remitting Brokerage Across Borders: FEMA and the Foreign Broker Payment

Paying brokerage to a foreign broker is not an IRDAI question. It is an AD Bank question, a transfer pricing question, a withholding question and a GST place-of-supply question, and the answers decide whether the payment leaves India at all.

By Tarun Kumar Singh

Regulation & Compliance - July 14, 2026 - 10 min read

Conduct Rules and Mis-Selling Liability for Individual Agents

When a POS policy is mis-sold, the regulatory penalty does not land on the person who sold it. It lands on the insurer or intermediary whose code the proposal carried. That asymmetry explains why your principal polices your conduct harder than any regulator will, and why an advisor's real exposure is termination and the loss of a code rather than an order from IRDAI.

By Tarun Kumar Singh

Regulation & Compliance - July 14, 2026 - 10 min read

Life Insurance Commission Rules for Composite Brokers

A broking firm that has only ever earned general insurance brokerage meets a different animal in life: first-year and renewal commission, premium paying term, par versus non-par versus ULIP economics, and persistency as the number that decides whether the book was worth writing.

By Tarun Kumar Singh

Regulation & Compliance - July 13, 2026 - 10 min read

Motor Dealer Payouts Beyond MISP: OEM Incentives, DSA Fees and Regulatory Exposure

The MISP payout is one line in a dealer's insurance economics, not the whole of it. Manufacturer incentive schemes, DSA and lead-generation fees, loan tie-ins, body-shop referral margin and warranty bundling all move money around the payout construct rather than through it, and Section 41 reaches further into that money than most distribution strategists assume.

By Tarun Kumar Singh

Regulation & Compliance - July 12, 2026 - 10 min read

KYC and AML Obligations That Sit on the Individual Advisor

A POSP collects KYC and forwards it; the engaging insurer or intermediary is the regulated entity that carries the obligation. What that division actually means for the documents in your phone, the records you keep, and the DPDP clauses arriving in your contract.

By Tarun Kumar Singh

Regulation & Compliance - July 12, 2026 - 10 min read

Advertising Rules for Individual Advisors: Social Posts, Status Updates and Referrals

A POSP may not issue or publish any advertisement or sales material without the prior approval of both the engaging entity and the insurer. What that single rule means for WhatsApp status, Instagram reels, client testimonials and the friend you were going to pay for referrals.

By Tarun Kumar Singh

Regulation & Compliance - July 12, 2026 - 10 min read

Section 41 and the Individual Advisor: Why Sharing Commission With Clients Is Illegal

The first-year discount is the oldest closing move in Indian retail insurance, and Section 41 of the Insurance Act, 1938 makes it illegal for the advisor who offers it and the client who knowingly takes it. What the section says, where the penalties actually land, and what an advisor's real exposure looks like.

By Tarun Kumar Singh

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