Web Aggregator definition

Web Aggregator means a Company registered under the Companies and Allied Matters Act No 1 of 1991 "CAMA" approved by NAICOM under this Guideline, which maintains/owns a Website and avails information pertaining to insurance products and price/features comparisons of products of different insurers and offers leads to an Insurer. All words and expressions used herein but not defined herein but defined in the Act as amended from time to time shall have the meanings respectively assigned to them in the Act. -". -~
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Web Aggregator means the Internet portal known as compareFIRST, which is created, developed and operated under section 33A(8) of the Act.
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Web Aggregator means an internet portal or domain in the internet which the Authority, or appointed person, creates, develops or operates for the purposes of publishing certain information, from time to time, to assist the public or member of the public in the purchase of a policy.
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Examples of Web Aggregator in a sentence

  • The Principal Officer of a Web Aggregator shall be subject to the approval of the Commission.

  • The Web Aggregator shall submit to the Commission a financial position duly certified by an External Auditor every year after finalisation of books of Accounts.

  • An Insurer shall not pay any remuneration after the lapse of validity of License given by the Commission to the Web Aggregator.

  • A Web Aggregator shall have agreements with a number of Insurers to provide a comparative quote based on pre-determined list of specified needs as disclosed by potential Clients.

  • A Web Aggregator shall employ/desicnate a senior officer from the position of Assistant General Manager (AGrvl) and above to manage the affairs of the company on full time basis.

  • Every Web Aggregator shall possess and continue to maintain a Professional Indemnity Insurance Cover with a minimum limit of liability of N20Miliion or 50% of its annual gross commission income (whichever is higher) throughout the validity period of the Licence granted by the Commission.

  • The Insurer shall keep adequate records of commission paid to a Web Aggregator.

  • A Web Aggregator shall continue to maintain the minimum share capital at all times.

  • Application letter with Service Level Agreement (SLA) signed with a Web Aggregator, which it intends to partner with.

  • A Web Aggregator shall display License obtained from the Commission and details of validity of license on its website.

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