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The Insurance Regulatory and Development Authority of India clarifies renewal conditions for specific surveyors and loss assessors. Surveyors who hold a categorization letter from the Authority do not need to possess any other requisite qualification specified in the regulations. This exemption applies when the Authority reviews license renewals under Regulation 6(3)(a)(v) of the IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015. The categorization letter serves as proof of qualification for the eligible departments stated in the letter.
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Ref: IRDAI/SUR/CIR/MISC/192/11/2018
13th November, 2018
CIRCULAR
TO ALL SURVEYORS AND LOSS ASSESSORS
Sub: Clarifications on Renewal Conditions under Regulation 6(3)(a)(v) of IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015
After enactment of IRDA Act, 1999, IRDAI was empowered to grant license to Surveyors and loss assessors. In the year 2001-02, Authority carried out the one-time exercise of categorization of then practicing licensed surveyors and categorization letters were issued to all those surveyors who participated in the categorization exercise at the time of enactment of IRDA Act based on their educational qualification and past experience etc. Categorization letter issued by the Authority displays the departments in which they are eligible to work.
In order to renew the licenses of the above surveyors and loss assessors, Authority recognizes their categorization as stated under Regulation 6(3)(a)(v) of IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015 and such Surveyors and Loss Assessors are not required to possess any other requisite qualification as specified in Schedule – I Annexure – I of Surveyors Regulations 2015.
Applicable Provision of Regulation 6(3)(a)(v): Proof of qualification(notarized) or categorization letter issued by the Authority stating the eligible Departments in accordance with the categorization made vide IRDA/Order/SLA/30/3/2002 dated 30th March, 2002.
The above clarification is issued under Regulation 26 of IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015.
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Sujay Banarji Member(Distribution)
सर्वे नं. 115/1, फाइनेंशियल डिस्ट्रिक्ट, नानकरामगुडा, हैदराबाद-500 032, भारत Survey No. 115/1, Financial District, Nanakramguda, Hyderabad-500 032, India (क) : +91-40-2020 4000,फैक्स : +91-40-2020 4555 (Tel) : +91-40-2020 4000, Fax : +91-40-2020 4555 वेबसाइट : www.irdai.gov.in Website : www.irdai.gov.in
