Guidelines for all General Insurance Companies for submission of Reports

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~l(ffl4 ~ AIPl41'1tfi ah ftcfim ~ INSURANCE REGULATORY AND ir.lai DEVELOPMENT AUTHORITY OF INDIA Ref: IRD A/SUR/GD L/MISC/289/12/2020 01 st December, 2020 CIRCULAR To All General Insurance Companies Sub: Guidelines for all General Insurance Companies for submission of Reports 1. This has reference to Notification of IRDAI (Insurance Surveyors and Loss Assessors) (Amendment) Regulations, 2020 whereby a. Vide Regulation 21 (3) insurer are required to file with the Authority report on misconduct of licensed surveyors annually b. Vide Regulation 21 ( 4) Insurers are required to maintain half yearly data in the prescribed format. 2. All Insurers are directed to file and maintain above information in the formats prescribed hereunder. a. Format for filing misconduct annual report is at Annexure I b. Format for maintaining half yearly data is at Annexure II. 3. This is issued in exercise of the powers conferred under Sec. 34( 1) of Insurance Act, 193 8 These guidelines shall be applicable with immediate effect. (Suresh Mathur) Executive Director ~ ;:j-_ 115/1, ~ ~. rll•FHll-11:SI, ~-500 032, im-o I Survey No. 115/1, Financial District, Nanakramguda, Hyderabad-500 032, India 6) : +91-40-2020 4000 ~ : www.irdai.gov.in 6) : +91 -40-2020 4000 Website : www.irdai.gov.in Annexure I Annual Rep011 Details of Misconduct of licensed surveyors and action taken by Insurer Name of the Insurer: Report as on 31 st March ..... . Sr. No. Name and SLA No. Nature and Details of Action Remarks, if Address of and Date of details of claim and taken by any Surveyor Expiry misconduct policy no. the Insurance Company I hereby solemnly acknowledge that the details provided above are true. Date: Authorised Signatory Annexure II REPORT ON SURVEY JOBS FOR THE HALF YEAR ENDING ON ...... . Sr. No. Line of No. of No. of Surveys Surveys undertaken Business claims claims undertaken by other than inhouse reported which by inhouse employee surveyors required employees appointment of licensed surveyor as per Individual Corporate Surveyors Regulations 1. Fire 2. Marine Cargo 3. Marine Hull 4. Engineering 5. Motor 6. Miscellaneous 7. LOP 8. Crop Total I hereby solemnly acknowledge that the details provided above are true to the best of my knowledge. Date: Authorised signatory