Law No. 1/2026 was published in the Official Gazette on January 7, 2026, and took effect on January 22, 2026. The legislation introduces a mandatory insurance requirement for individuals entrusted with managing public resources, requiring coverage to be in place before they assume their duties. The insurance must respond to financial losses arising from gross negligence, and insurers are designated as necessary joint parties in any related liability proceedings.

On 30 July 2026, the Insurance Regulatory and Development Authority of India (IRDAI) notified the IRDAI (Insurance Intermediaries) (Amendment) Regulations, 2026, introducing significant changes to the regulatory framework governing corporate agents, insurance brokers, insurance marketing firms, web aggregators and other insurance intermediaries.” (Axco Alerts, 2026).