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Sarvada research, workflows, and commentary focused on regulation & compliance.
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168 published articles
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Regulation & Compliance
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October 8, 2026
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168 articles
Regulation & Compliance - July 11, 2026 - 10 min read
When an insurer short-pays or withholds brokerage, the broking agreement decides almost everything that follows. How to build the escalation ladder, when to serve a Section 21 notice under the Arbitration and Conciliation Act, 1996, how to evidence quantum, and why limitation runs faster than most broking firms think.
By Tarun Kumar Singh
Regulation & Compliance - July 11, 2026 - 10 min read
A POSP is tied to only one insurer or intermediary at any given point in time. The reach to quote several insurers flows from the principal's licence, not from the POSP's own certificate, which makes choosing a principal the biggest structural decision an advisor makes.
By Tarun Kumar Singh
Regulation & Compliance - July 11, 2026 - 8 min read
A point of sales person may solicit only the products IRDAI has approved as POS products: simple, standardised, pre-underwritten contracts. What is on the life list, where the non-life list started, what sits outside the scope, and how to check the operative list rather than a forwarded one.
By Tarun Kumar Singh
Regulation & Compliance - July 10, 2026 - 10 min read
IRDAI has signalled a consultation paper on distribution remuneration by end-July 2026, with trail commissions, effort-based pay, and caps by product, tenure, and complexity all under discussion. What each proposal would do to a broking P&L, the data pack a firm should assemble now, and a playbook for writing a submission that gets read.
By Tarun Kumar Singh
Regulation & Compliance - July 8, 2026 - 9 min read
The 2024 PPHI Regulations fold advertising controls into a principle-based regime that now covers broker social posts and finfluencer content, while a Rs 1 crore penalty shows how ad spend can be read as disguised commission.
By Tarun Kumar Singh
Regulation & Compliance - July 7, 2026 - 8 min read
Embedded and partner distribution runs on remuneration structures that the law polices tightly. Who may lawfully receive insurance remuneration, how group administrator economics work, where disguised commission sharing hides, and what the 2026 disclosure push means for embedded programs.
By Tarun Kumar Singh
Regulation & Compliance - July 7, 2026 - 9 min read
The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025 restored IRDAI's statutory power to cap distributor commissions, a potential reversal of the 2023 deregulation. Three scenarios brokers should model now (EOM-only status quo, caps by line, caps by tenure), what each does to a broking P&L, and the triggers that tell you which one is arriving.
By Tarun Kumar Singh
Regulation & Compliance - July 7, 2026 - 9 min read
The Bharatiya Vayuyan Adhiniyam 2024 replaced the 1934 Aircraft Act on 1 January 2025 and folded drones into the statutory definition of aircraft, reshaping hull, liability, product and MRO insurance duties for Indian operators and their brokers.
By Tarun Kumar Singh
Regulation & Compliance - July 6, 2026 - 9 min read
How reinsurance brokers earn on treaty and facultative placements in India, what the IRDAI broker and re-insurance regulations require on remuneration and disclosure to cedants, and how the 2026 transparency measures, from the Sabka Bima Act to the draft intermediary disclosure regulations, are reaching reinsurance broking.
By Tarun Kumar Singh
Regulation & Compliance - July 6, 2026 - 10 min read
The Merchant Shipping Act 2025 codifies compulsory financial security for Indian shipowners across wreck removal, bunker and CLC pollution and MLC seafarer liabilities. Here is the P&I certificate map brokers need.
By Tarun Kumar Singh
Regulation & Compliance - July 5, 2026 - 8 min read
Motor Insurance Service Provider payouts sit squarely in the path of IRDAI's planned 2026 commission overhaul. How dealer distribution economics work, why motor draws regulatory attention, and how brokers can compete with dealer channels on commercial fleets.
By Tarun Kumar Singh
Regulation & Compliance - July 5, 2026 - 9 min read
Theft, burglary, fire and fraud claims stand or fall on the police record, and the Bharatiya Nagarik Suraksha Sanhita has rewritten how that record is created. This post explains what e-FIR, zero-FIR, time-bound investigation and mandatory forensics mean for the FIR requirement in insurance claims, and how brokers and claims teams should document a loss under the new criminal procedure code.
By Tarun Kumar Singh
Regulation & Compliance - July 4, 2026 - 10 min read
The June 2026 draft amendment regulations would require brokers to disclose intermediation revenue and other receipts from insurers in a separate financial-statement schedule, file audited accounts with IRDAI by 30 September, and publish them on their websites. What the draft says, what the INR 10 crore threshold means, and how to build the finance function before the rules go final.
By Tarun Kumar Singh
Regulation & Compliance - July 4, 2026 - 9 min read
The Income-tax Act 2025 replaces the 1961 Act from 1 April 2026 and renumbers the provisions corporate finance teams cite for insurance. This post maps the old Section 37(1), 28 and 10(10D) references to the new Act and explains what actually changes for commercial premium deductions, keyman payouts and claim receipts.
By Tarun Kumar Singh
Regulation & Compliance - July 3, 2026 - 9 min read
The anti-rebating prohibition in Section 41 of the Insurance Act, 1938 did not go away when commission caps did. How the 2023 commission deregulation sharpened the rebating question for brokers, the line between legitimate premium negotiation and prohibited inducement, penalty exposure, and the controls placement teams need in 2026.
By Tarun Kumar Singh
Regulation & Compliance - July 3, 2026 - 9 min read
A statute-by-statute checklist of every insurance an Indian company is legally required to carry in 2026, naming each Act, the triggering section, and the minimum commercial cover it mandates after the 2024-2025 wave of new laws.
By Tarun Kumar Singh
Regulation & Compliance - July 2, 2026 - 9 min read
The Sabka Bima Sabki Raksha Act made intermediary licences perpetual from 5 February 2026, ending three-yearly renewals. What disappears with the renewal checkpoint, the continuous obligations that replace it, what still gets a licence suspended, and the governance calendar a broking firm should run now.
By Tarun Kumar Singh
Regulation & Compliance - June 29, 2026 - 5 min read
CCTV footage, emails, telematics data and system logs now drive most contested commercial claims, and the rules for admitting them in court have changed. This post explains how Section 63 of the Bharatiya Sakshya Adhiniyam, 2023 replaces the old Section 65B, introduces a dual-certificate and hash-value regime, and why defective certification can sink a repudiation or a subrogation suit no matter how strong the underlying evidence is.
By Tarun Kumar Singh
Regulation & Compliance - June 29, 2026 - 6 min read
India has replaced its 169-year-old colonial bills of lading statute. The Bills of Lading Act, 2025 rewrites who can sue under a bill of lading and reaffirms the document's role as title to goods. This post explains what the change means for marine cargo insurers and traders: how rights of suit transfer to consignees and endorsees, why that matters for subrogation recoveries, and the practical claims implications for Indian exporters and importers.
By Tarun Kumar Singh
Regulation & Compliance - June 29, 2026 - 5 min read
The Boilers Act, 2025 repeals the 1923 statute after nearly a hundred years, rewriting registration, inspection and the offence regime for steam boilers. This post explains what underwriters and risk managers in sugar, textile, chemical and power plants should read into the change, how four retained criminal offences differ from the new fiscal penalties, and where the reform touches boiler explosion and machinery breakdown policy conditions.
By Tarun Kumar Singh
Regulation & Compliance - June 29, 2026 - 5 min read
India now has a dedicated mediation statute, and it reorders the toolkit for resolving commercial insurance disputes. This post maps where the Mediation Act, 2023 sits next to arbitration clauses, the insurance ombudsman and consumer forums, why a mediated settlement agreement carries the force of a decree, and how it interacts with the mandatory pre-institution mediation already required for certain commercial suits.
By Tarun Kumar Singh
Regulation & Compliance - June 28, 2026 - 6 min read
IRDAI's Bima-ASBA facility lets a policyholder block premium in their own bank account through a UPI mandate, with the money debited only when the insurer accepts the proposal. This post walks brokers and corporate risk managers through what that means for group health and other affected commercial placements: consent capture, the proposal-to-acceptance gap, the end of the refund cycle, and where the facility does and does not yet apply.
By Tarun Kumar Singh
Regulation & Compliance - June 28, 2026 - 6 min read
A 2024 amendment moved co-insurance premium apportionment and reinsurance commission into Schedule III of the CGST Act, treating them as neither goods nor services. This post explains, for brokers placing large co-insured risks, how the change removes a layer of GST from programme costing, what the retrospective 'as is where is' settlement covers, and the conditions the relief depends on.
By Tarun Kumar Singh
Regulation & Compliance - June 25, 2026 - 10 min read
Bima Sugam goes live from July 2026 with motor first, then health in August and term in September, built on zero-commission standard products and a proposed 5-7% platform fee paid by insurers. This piece reads whether that model can ever touch commercial lines or stays a retail channel, and where the broker moat sits.
By Tarun Kumar Singh
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