(1) The Authority, through the single point of contact (SPOC), shall review the progress of the proposal at regular intervals.
(2) The Authority may also guide the applicant in the form of suggestions and in any other way as it may deem fit. However, the applicant shall be solely responsible for 5 Substituted by Insurance Regulatory and Development Authority of India (Regulatory Sandbox) (Amendment) Regulations, 2022 vide Notification No. IRDAI/Reg/3/182/2022 dated 05.12.2022, for the following:- "6 months" 6 Substituted by Insurance Regulatory and Development Authority of India (Regulatory Sandbox) (Amendment) Regulations, 2022 vide Notification No. IRDAI/Reg/3/182/2022 dated 05.12.2022, for the following:- "6" javascript:OpenNotifications('MANU/IRDA/0098/2022') javascript:OpenNotifications('MANU/IRDA/0098/2022') every action taken in respect of the proposal and shall be liable to discharge all the obligations thereunder including any legal obligations.