15B.5
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Reinsurance
Reinsurance arrangements of LIC are reviewed annually and approved by Government of India. Remittances falling due under approved reinsurance arrangements may be made by authorised dealers in accordance with the terms and conditions laid down by the Government of India. A copy of the application received from LIC giving particulars of the remittance to be made including particulars of remittances already made for the year in question should be forwarded to Reserve Bank along with the relative form A2. Authorised dealers should also specifically confirm on form A2 that the relative documentary evidence in original has been verified by them.