IBRB definition
Examples of IBRB in a sentence
As per IBRB Regulations, a Corporate Agent can have arrangements with two companies, each in life insurance for distribution of their IBRB approved Insurance products.
Actuarial Services Subject to the permission of Insurance Business Regulatory Board (IBRB) according to the domestic laws, rules, and regulations.
Bank invites Bidders from reputed Life Insurance Companies to participate in this Request for Proposal for the appointment of the Bank as a “Corporate Agent” for distribution and sales of IBRB approved Life Insurance products through Bank’s branch outlets and/or through electronic channels, not limited to internet banking or mobile banking.
It is also not in violation of any of the provisions of any laws/Acts in anyway or any other legal provisions relating to such products or services and IBRB regulations in Myanmar.
Myanma insurance market came into being in 2013 with 11 private insurance companies being granted licenses by the Insurance Business Regulatory Board (IBRB) to write both life and non-life insurances such as Endownment Life, Fire, Comprehensive Motor, Cash in Safe, Cash in Transit, Fidelity Guarantee, Marine Cargo, Health, Snake Bite, Sportsman Life, Special Travel and Group Life.
All Bidder records with respect to any matters covered by this tender shall be made available to Bank and/or the IBRB, its Auditors at any time during normal business hours, as often as Bank/IBRB deems necessary, to audit, examine and make excerpts or transcripts of all relevant data.