To all General Insurers

Time limit for filing Returns under Regulation 21 of IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015
Attention is drawn to the provisions of IRDAI (IIISLA) Regulations, 2015 wherein insurers are required to submit the Annual policy and Quarterly/Halfyearly returns.

 

In this regard, insurers are advised to submit the documents as per the following time frame.

 

Sr.No                      Name of the Report Time Limit
Reg.

21(1)

Copy of the Annual Policy formulated by the Company      Within 90 days from the beginning of the FY
Reg.

21(3)

Quarterly report on misconduct of licensed surveyors   Within 45 days   from the end of quarter
Reg.

21(4)

Half Yearly report on claims Within 45 days From the end of      half year

It is also  clarified that even if there  is no  change in the policy, the  Authority  should  be

informed within the time limit prescribed to be in compliance with the above said Regulations.

 

(Suresh Mathur)

Executive Director