Clarifications on Renewal Conditions under Regulation 6 (3) (a) (v) of IRDA

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irdai Ref: IRDAI/SUR/CIR/MISC/1~Z'l l/2018 ~i(Jl4 ittin RIPt41'1cfi ~ ffl suftlcfi(01 INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA 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 !ROAi 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 (ln'surance 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- lofSurveyors 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 IR.DAI (Insurance Surveyors and Loss Assessors) Regulations, 2015. L ' e: Sujay Banarji Member(Distribution) V ~ ~rt. 115/1, ~~. iiliicfi<l~1:SI, ~-500 032, 'lfffif Survey No. 115/1, Financial District, Nanakramguda, Hyderabad-500 032, India ~ : +91-40-2020 4000,~ : +91-40-2020 4555 ~ : +91-40-2020 4000, Fax : +91-40-2020 4555 mw : www.irdai.gov.in Website : www.irdai.gov.in