THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] Insurance Regulatory and Development Authority of India NOTIFICATION Hyderabad, the 13th November, 2015 Insurance Regulatory Development Authority of India (Other Forms of Capital) Regulations, 2015 F. No. IRDAI/Reg/20/110/2015- In exercise of the powers conferred by Section 6A (1) (i) and Section 114A (2) (db) of the… Read More »
Insurance Regulatory and Development Authority of India Ref:IRDA/INT/CIR/ORD/208/11/2015 Date:20-11-2015 Guidelines on Indian Owned and Controlled for Insurance Intermediaries As you are aware, the Insurance Laws(Amendment) Act, 2015 provides for “Indian Owned and Controlled” requirement for an Indian Insurance Company. The amended Act also provided for increase in the foreign investment cap in the Indian Insurance Companies… Read More »
Insurance Regulatory and Development Authority of India IRDAI/CAGTS/GDL/LCE/202/11/2015 18-11-2015 Reference is made to IRDAI (Registration of Corporate Agents) Regulations, 2015 (herein after referred to as “the Regulations”)which were notified by the Authority on 20.08.2015 and will be effective from 01.04.2016. These regulations shall cover Registration of Corporate Agents for the purpose of soliciting, procuring and… Read More »
Date:18-11-2015 The Insurance Regulatory and Development Authority of India (the Authority) has taken a stand that insurance sector in India would be converged with IFRS after the revised standard on Insurance Contracts viz., IFRS 4 is pronounced by IASB. The same was also conveyed to Ministry of Corporate Affairs (MCA). The MCA has considered the… Read More »
EXPOSURE DRAFT Date:17-11-2015 Insurance Regulatory and Development Authority of India Insurance Regulatory and Development Authority of India (Expenses of Management of Insurers transacting Non-life and Health Insurance business) Regulations, 2015 Insurance Laws (Amendment) Act 2015 has carried out amendments to the sections 40B and 40C. By the virtue of the amendment in these sections, the rule… Read More »
Exposure Draft Date:17-11-2015 Insurance Regulatory and Development Authority of India Regulations on Preparation of Financial Statements and Auditor s Report of Insurance companies Pursuant to the notification of the Insurance Laws (Amendment) Act, 2015 on 23rd March 2015, there is a need to carry out suitable amendments to the IRDA (Preparation of Financial Statements and… Read More »
THE GAZETTE OF INDIA : EXTRAORDINARY PART III—Section 4 INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 4th November, 2015 Insurance Regulatory and Development Authority of India (Insurance Advertisements and Disclosure) (Amendment) Regulations, 2015 F. No. IRDAI/Reg/19/109/2015 – In exercise of the powers conferred by Section 26(1) of the Insurance Regulatory and Development… Read More »
Ref:IRDAI/F&U Guidelines/2015 Date:13-11-2015 Draft Exposure on GUIDELINES ON “PRODUCT FILING PROCEDURES FOR GENERAL INSURANCE PRODUCTS The current guidelines on file and use requirement for general insurance products have been in operation since September, 2006. These guidelines were issued when general insurance business was de-tariffed. The guidelines on file and use requirements for general insurance products… Read More »
Ref:IRDA/NL/ORD/CMT/199/11/2015 Date:13-11-2015 Constitution of Committee on Motor Dealer payouts on motor insurance business The Authority proposes to bring clarity and transparency in payouts made to the auto dealers by the insurers for getting motor insurance business. Therefore, the Authority hereby constitutes a Committee consisting of the following members. SN Name Entity Position 1 Mr. Suresh… Read More »
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 30th October, 2015 Insurance Regulatory and Development Authority of India (Insurance Surveyors and Loss Assessors) Regulations, 2015 F.No. IRDAI/Reg/18/108/2015- In exercise of the powers conferred by clause (x) and (xa) of sub-section 2 of Section 114A read with Sections 42D, 42E and 64UM of the Insurance… Read More »