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The new regulation details the rules on the insurances that can
be provided linked to goods and services offered by businesses
whose primary business activity is not insurance brokerage which is
becoming to stand out in practice.
As per the new regulation, business processes carried out under
the abolished regulation will be required to be compliant with the
new Regulation by 1 September 2021.
Accordingly, with the new regulation, insurance intermediaries,
banks and institutions incorporated under special laws and
authorized to act as insurance