IRDAI (Fee for granting written acknowledgement of the receipt of Notice of Assignment or Transfer ) Regulations, 2015

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L.-33004/99 • ti. 143] No. l43J 3-ttt'ltfl~Of EXTRAORDINARY cq, tf IlJ-~o:g 4 PART Ill-Section 4 UlfllcfiF( '« Ocfil~l<1 PUBLISh"'ED Br· AUY.ttUK1·ry ~ fu.H-ii, ~ell(, ~OH 29, 201S/a:,,r<st 9, 1937 NEW DELHI, WEONESUAY, APRIL 29, 2015 /VAISAKHA 9, 1937 'ftt<dlit ~qr ~~4tttc¥i ~ f°clcfilij stlfilcfi<0r at fil «i1 ~ r • ~a:(lqlG, 24 6'~<-1, 2015 1i I <dllf 41¥-t I Fct ~lf fliefi 31h: f4cfit6 SI fnlcfi(Of • -ta (eit14~ ol~ctf aid(OI cfTT" ~-qi-ff# "SITfit # ~~d at~fcft«f,fil st~l'1 ffl~ ~ ~) 1'4~4'i, 2015 • ~- ~- m.«fr.fct.fct:srr.1fcl~4q/5/95/2015.--'l¥-t1 31fil~lf+t, 1938 (1938 ~ 4) cft- ~,,c, 38(7) ~ fll~ qfba 00 -:>TTO'l+:l-n"TT, 1938 (1938 ~ 4) ~ ~1<1 114~(2)(~6il) g.t<I sta:tj ~,Rtiiff ~ ~lrl~, ffl gQ: Sltfilc:fl(OI aflit, fl€-tl~i:fll( ttfilf<l ~ ID~ 9(11-f~T ~ ~ qfa_ ~ ;.1(1 f.-l4;1~f€la fclrllfl-f ~'1lc11 t:, 3NTc( :- 1. e~ A if lit ~ st I ~11 - ( 1) ~ fcl frtit ft ~ I (dllf '1 ¥-f I fctf.i<t I Jiefi ~ f4efi lfl Sl I ~i:fl(Ot (ff ff 14~R 3NcIT 6lct{Of ~ ~-qi{f ~ "SITfit ~ ~f°©d ..,""'~~~ S{a_l'1 ffl ~ ~ ~) f4f;)lft-f, 2015 efi~€1 I~~ I (2) ~ fclf:?titt-f fl(efif{l (t\Jfq-3t ~ ~ Sli:flt!<R cf;)- at{)<st cfTT" st1_=a ~I q flcq I tit I ~ 2. ~ ~frlll0 ~ \Jfat ~ ~~ ~ ~ atttRia rf ~-- 1902 GI/2015 ~ fl l-f 4-fl ¥-f ll ~ ll ?.l I ti ~n ~ d 4) q I ..,..+o"lr+4-T,,....,., 1938 ( 1938 ~ 4} ~ t: (1) -, 2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III-SEC. 4] (~) 'Slt~cfi(Ol 4 ~ esfli:tl Fclrllll'icfi ~ fetefi1f1 Slt~cfi(OI , 1999 ~ ~1(1 3 ~'311-~l(I (1) ~ ~ ~,fcla lll<dltt 41+11 FctPtitti:tefi afR: t°4cfilf1 S11n)efi(01_ ~~; (lf) ~ ~f..llliff ~ Sl~=ffi 3lt( 31qft'+ft~d, ~ 41+11 , 1938 (1938 cf;T 4) ~' aNcTT ;flq1 fctf..llll'iefi afr"( t'4ctiltl ~t~efi(01 ".>N"O"'~'TT, 1999 ~ ~ ~ 3Tm- af'1I~ ~ ~ Rllirf ay~ql fetf..l:qtj'f ~ qfl1il~d ~ ~~ ~ . ifi ~ ~ ~ ~ ~ . 3JWTT Flittff aftfqf fef Ptit~ ~ #ii:t~= -3'1~ ~ Ptsffta ~ ~ ~' H'f1~/r[ d/'lq/ aid< r11 ;ft g,i/rll tfl-~fw~PI $/r.flrf ffl if; f&q '(J<.icfl (3) 41¥:flcfidt clTT" ei:t1~~A" 3f~qf 3fd{Of ~ ~-if'1I ~ mnt" ~ Rt~a ~rz;:Jtr.rl;t ~~fr{~~~ Pt\ilTT-l~d ~qi~ ~~~1+1fa <fi"Zifldl ~1 (91) ~ ql~ffl4l ~ ~g ~ ~ ..,.....,"'~l"'T'I' ~ a1<1 14(2) ~ ~ ~ ~ FctRitm ~ ~1<1 f4Pt~e ~q ~ ~J1cfi;.:tf..lcfi ~q ~ Zitltl ~ ~ ~, q«<?J rifilll "11rlc41~f ~ ~ cR1" $ 50 ~ (ffl q=q1e • '\ ('{[) ~41'1l tcrt~4'-' (3)(~) t dia~ra -afwtf€1a q·,r~f~<fl cf?t OO$cfi< "''{l ~ rrt dl'"4 qTFJtf?t4'1 * eii~ -q c4~{1 fehitt "11..fc41~1 ~ ~ cflCT $100 ffl (~ ffl +lt-31) ~ ~ ~ ~ (4) cfil{ ~ 3{rJ.4 ilc41~, ~ 6id<0( at~ql fllitj4~R ~ ~ efTT ----efi(rff 3Mql "j...-4-,...."4-n,..,... cfTT" a I (I 38 ~ Ft~ ffla ft q 1~ ~1"'1" ~ ai a {Of ~ «ii~ a cfil{ at '"4 ~ SI~ 11 ~ ~ ~ cfil{ ~ 6f ;:.q ~ q i{-1 ~ ~ll I Zif I Q_~I 11 cfif6itt3.lll 1,1(. ffl df:41 fttalcfi(OI ~ ~ cfq- ~ (5) ~ f4f.iitiff ~ ,aq4·m- efTI' ~ ~ ~ ~ cfil{ ~ictil ~ cflf6ifl{ '3,q?I ~ ~ ~ Sll~cf,(01 efi"T 3T~~~fq~~cfi fti:t?l ~ ~q ~,aq~=a, fqi}cfi{OI 3T~ctl ~~ltf..l<f~TZitlzl ~ ftcfidl ~I it.~. ~Zifllrf, 3ftll&l [~~I qr1. I I l/4/~ et./ 161 /29/15] INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 24th April, 2015 Insurance Regulatory and Development Authority of India (Fee for granting written acknowledgement of the receipt of Notice of Assignment or Transfer) Regulations, 2015 F. No. IRDA/5/95/2015.- In exercise of the powers conferred by Section l 14A(2)(zd) of the Insurance Act, 1938 (4 of 1938) read with Section 38(7) of the Insurance Act, 1938 the Authority in consultation with the Insurance Advisory Committee, hereby makes the following regulations namely:- ]. Short title and commencement - ( 1) rnese regulations may be called the Insurance Regulatory and Development Authority of India (Fee for granting written acknQwledgement of the receipt of Notice of Assignment or Transfer) Regulations, 2015. • I l i r • • r. I· I Ii I ,, I I t i I ! I I l I I • [ 'qlf ( III- &O,i; 4 J 3 (2) They shall come into force on the date of their publication in the Official Gazette from such date. Definitions 2. In these regulations, unless the context requires otherwis~e - (a) "Act'' means the Insurance Act, 1938 (4 of 1938) as amended from time to time; (b) "Authority" means the insurance Regulatory and Development Authority of lndia established under sub-section (1) of Section 3 of the Insurance Regulatory and Development Authority Act, J 999; (c) all words and expressions used herein and not defined but defined in the Insurance Act, 1938 (4 of 1938), or in the Insurance Regulatory and Development Authority Act, J 999 or in any Rules or Regulations made there under shall have the meanings respectively assigned to them in those Acts or Rules or Regulations. Fee for 2ranting acknowledgement of Notice of Assi2nment or Transfer (3) An Insurer is permitted to collect the following fee for granting a written acknowledgement of the receipt of notice of assignment or transfer. (a) ln resoect Of those noll·c·,e,. th Rt ~rP. j1;1~11Pn in PIP-r h-nn1r fn'Ml"I ~" """""if; .. ,.;i h,, ♦ho .... ,,.,, 1 .. ..:..,. ..... ··- ~~- •L. - ----·=-= -- - -r ... .. .. •" • .. ~ -- ----- ••-- - .... _ .... ..._ .. - .,,_, ..,.._....,_....,..__., '-'J \.U'-' .,._.,C)""•U\JVUJ u.1.JU\,.,.l. UJ'-' plVYl~lUJ..L!, Ul Section i4 (2) of the Act the tee collected shaU not exceed Rs 50 (Rupees fifty only) inclusive of applicable taxes (b) In respect of policies issued other than those referred under Regulation (3) (a) above the fee collected shall not exceed Rs 100 (Rupees Hundred Only) inclusive of applicable taxes (4) No other fee shall be collected for rendering any other services such as, recording the fact of the transfer or assignment or any other services connected to the assignment or transfer prescribed in Section 38 of the Act. Power to Remove Difficulties and Issue Clarifications (5) Where any doubt or difficulty arises in giving effect to the provisions of these regulations, the Chairperson of the Authority may issue appropriate clarifications or guidelines as deemed necessary. T. S. VIJAYAN, Chairman [ADVT.ITI/4/Exty./161/29/15] • Printed by the Manager. Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. •