Lowdown: IRDAI proposes strict disclosures for insurance intermediaries earning over 10 crore in commissions

— Download the consultation paper here and here . The Insurance Regulatory and Development Authority of India (IRDAI) has released a consultation paper proposing enhanced disclosure norms for insurance intermediaries that earn more than Rs 10 crore in commission in a financial year. These entities must annually disclose: Details of the commission earned; Related party transactions; Profits; Dividend repatriated.