IRDAI vide reference no. IRDA/ACT/CIR/GEN/88/5/2022 has issued a Circular on ‘Actuarial & reinsurance returns- Dispensing with hard copy submission’ dated May 11, 2022 (Circular).
Major highlights of the Circular are as follows:
- The requirement of submission of any reports, returns or other documents pertaining to actuarial valuation or reinsurance in a physical form by the insurers to the IRDAI Head Office has been dispensed with immediate effect
- Insurers are informed to send across the copies of documents in PDF and excel form to actuarial-valuation-l@irdai.gov.in (for life insurers) or actuarial-valuation-nl@irdai.gov.in (for all other insurers)
- PDF copies of submissions shall be digitally signed by the signatories, each page need not be initialled or digitally signed;
- The submission of returns through BAP shall be continued as per the current practice.
Source category: IRDAI
Attachments
- /2022/34_2022-05-11_Actuarial_reinsurance_returns-_Dispensing_with_hard_copy_submis.pdf
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