Filing of Returns for Foreign to Foreign Reinsurance Transactions, Feb 2017

i,i,M,MwC,i illlai To, Principal Officers of ~ Hdh-1 inn ~ ~~ lllr.fi ~ ~r.filfl ~ INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA IRDA/ BRK/ CIR/ NOT/243/ 12/ 2016 7th December, 2016. Reinsurance and Composite Insurance Brokers Re: Filing of Returns for Foreign to Foreign Reinsurance Transactions It has been brought to the notice of the Authority that Reinsurance/ Composite brokers undertake reinsurance transaction between entities that are domiciled in foreign jurisdictions. The Authority is of the view that such transactions may have a bearing on the servicing of the India policyholders. Therefore, the Auth9rity advises the reinsurance/ Composite Insurance Broking Companies to file a return with the Authority in the format enclosed The return shall be submitted within 45 days of end of the half-year in the attached format beginning from the financial year 2016-17. qft~ 'q<R, cITTro <'R'f, ~ , ~ - 500 004. m«f ((): 91-040-2338 1100, ffl: 91-040-6682 3334 i-~: irda@irda.gov.in ~: www.irda.gov.in P.J. Joseph Member (Non-Life) Parisharam Bhavan, 3rd Floor, Basheer Bagh, Hyderabad-500 004. India. Ph.: 91-040-2338 ~ 100, Fax: 91-040-6682 3334 E-mail : irda@ird~ gov.in Web.: www.irda.gov.in Annexure "1" Name of the Reinsurance/ Composite Broking Company: ........... . Return for the Financial Year: (I half-year/ II half-year) ........................ . Date of filing: ..... . s. Nature of Unique Underwriting Date of Premium Remittance Name of Name of Reinsurance Reinsurance Remarks No Transaction Transaction year reinsurance Receipt Date the Re insurer Premium Commission ID/ cover transaction No. Reinsured & Amount (in Earned (in note no. & Country Country Foreign Foreign Currency) Currency ) - - - -- ~- -- ~- -