Withdrawal of Indian owned and controlled condition for insurance intermediaries

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+ • ~I~ 'llmft1.1 ~, fllr.t1.11ii* iR: m ~ 01110 INSURANCE REGULATORY AND irJai DEVELOPMENT AUTHORITY OF INDIA ~: ~~~/,jjl{Q-1~1'81~'3f"R"/3IT~Ro~11/ 2019 19 ~ ' 2019 Ref No. IRDAI/ INT/ CIR/ ORD/~o{/ 11/ 2019 19th November, 2019 trifi~ll~ / All Insurance Intermediaries ~Re: i) q~q-;1 ~- ~3ti'(tl~1~1if~-1llrnt~'1fR13IT'3fRtt1208/1112015 f4-1if4>e1 20.11.2015 cpl~ \ifRT; cJ'llT ii) q~q-;t ~- ~3ti'(JI~ I~ & ~ I Gfltl~d /180/10/ 2015 f4-1if4>e119.10.2015 "ij)~ 6 cpl l'affi 4-11 ~Haltl ~lflltq ~ Ptq-;101 ~~I i) Withdrawal of circular no. IRDA/ INT/ CIR/ ORD/ 208/11/ 2015 dt 20.11.2015; and ii) Deletion of para 6 of circular no IRDA/ F&A/ GDU 180/ 14'2015 dt 19.10.2015 pertaining to Indian owned and controlled in«fm ~ ~ (fq~~ft ~~ ~tR f.:rw:r, 2019 '3fR ~~~ ~ llv::rcrcff) ~£.Fl) fqf.:I~~, 2019 q5T ~ ~ q~Ull~~~q. ~ ~ TftJT ~ ~ ~ ~~/ ,jjl{Q-1~,Bt~'3f"R"/3IT~/208/ 11 /2015 ffi-1ifchct 20.11.2015 '3Hlcl~~c:f> °ITT TftJT ~I ~ c=RQ, ~ ~- ~~ ~ & -0: / \5f1~Qci /180/10/ 2015 ffi-1ifchct 19.10.2015 ~~6 ifiJHlcl~~c:f>"ITTll-o:~I ~~R!Q, ~ , ~~~, 1999 q5Tm14 (1)~cIBcJ~ ~1~41· cl5T-w:TTTr~s'1<: i) ~ ~- ~~/ 3il{Q--i~Rft~'3f"R"/'3IT~/208/ 11/2015 ffi-1ifchct 20.11 .2015 "c:f>l"~~I ii) ~~- ~~ ~ &-0:, '511~Qci /180/10/ 2015 ffi-1ifchct 19.10.2015 ~~ 6 cf5l fq C1l Y'i cITTcTT ~ I Consequent upon notification of Indian Insurance Companies (Foreign Investment) Amendment Rules, 2019 and IRDAI (Insurance Intermediaries) (Amendment) Regulations, 2019, it is observed that the circular no. IRDA/ INT/ CIR/ ORD/ 208 11/ 2015 dt 20.11 .2015 has become redundant. Similarly, para 6 of circular no IRDA/ F&A/ ri-.:r. 115/1 , ~ ~. '11'1i.!i(1¥11:SI , ~ -500 032, mra I Survey No. 115/1, Financial District, Nanak~arnguda, Hy~erab_ad-50~ 032, India 6) : +91-40-2020 4000 ffiW : www.irdai.gov.in 6) : +91-40-2020 4000 Website : www.1rda1.gov.m GDL/ 180/ 10 2015 dt 19.10.2015 has also become redundant. Therefore, the Authority in exercise of powers conferred under Section 14(1) of the IRDA Act, 1999, the Authority i) withdraws circular no. IRDA/ INT/ CIR/ ORD/ 208/ 11/ 2015 dt 20.1 1.2015 ii) deletes para 6 of circular no IRDA/ F&A/ GDL/ 180/ 10 2015 dt 19.10.2015 (~~ I Su jay Banarji) ~ (Rlci-lOI) / Member (Distribution)