Surveyors & loss assessors recent initiatives of IRDA

Surveyors and Loss Assessors (S&LAs) play an important role in assessment of losses arising out of a contingency insured under a policy of general insurance. Further, SLAs are necessary under Section 64UM of the Insurance Act, 1938, which requires that a duly licensed SLA has to submit a report in respect of any claim where the loss is over Rs.20,000 in value, on a policy issued by any of the non-life insurers registered with IRDA.

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IRDA seeks to make assessors, surveyors more professional

Insurance Regulatory and Development Authority (IRDA) today released an exposure draft to revamp the Indian Institute of Surveyors and Loss Assessors (IIISLA) to make it more vibrant, responsible and professional in line with the objectives for which it was incorporated. Read more

IRDA circular: Re-constitution of Committee of Surveyors and Loss Assessors in terms of

The Committee of Surveyors and Loss Assessors constituted vide order Ref. No.IRDA/NL/ORD/Misc.208/09/2011 dated 8th September, 2011, in terms of Regulation 11 of the Insurance Surveyors & Loss Assessors (Licensing, Professional requirements and Code of Conduct), Regulations, 2000 hereby stands re-constituted with immediate effect.

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