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SUMMARY
Policybazaar Insurance Brokers failed to disclose that several of its key managerial personnel, including its former principal officer, held directorships in other companies
The IRDAI order also outlined the violations related to lack of clarity in outsourcing agreements with insurers
IRDAI also found that the company had delayed transferring insurance premiums collected from customers to the respective insurers
The Insurance Regulatory and Development Authority of…
