The ETASS is essentially an electronic platform deployed for insurance-related clearing house operations.
"The authority intends to provide the regulatory framework governing various aspects of conduct of the ETASS system," the IRDA website said.
The IRDA has requested all interested parties to provide their feedback on the topic by April 4.
The IRDA had initiated setting up of ETASS for co-insurance and re-insurance transactions. The development of ETASS is currently underway and the co-insurance module for the fire insurance portfolio is expected to be operational in a short time, the IRDA website said.
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