Category: Regulatory Updates

  • Regulatory Updates

Order in the matter of M_s_ Rothshield Insurance TPA Limited

IRDAI has issued an Order bearing reference no. IRDAI/HLT/ORD/MISC/203/09/2022 in the matter of M/s. Rothshield Insurance TPA Limited (Rothshield TPA or TPA), basis Show Cause Notice (SCN), submission of the TPA and personal hearing conducted in

Mr_ Thomas Devasia_ Member (Non – Life)_ IRDAI

IRDAI has informed that Mr. Thomas Devasia, has assumed charge as Member (Non-Life), IRDAI on September 19, 2022 Source category: IRDAI

Clarification on Circular on Appointment or Continuation of Common Director

IRDAI vide circular Ref: No: IRDAI/F&I/CIR/MISC/191/9/2022 has issued a ‘Clarification on Circular on Appointment or Continuation of Common Director’ dated, September 13, 2022 (Circular) in continuation its Circular dated September 02, 2022 on “Appointment or Continuation

Revision of Health Insurance Regulatory Returns & Press release on same.

IRDAI vide reference no. IRDAI/HLT/CIR/MISC/190/9/2022 has issued a Circular on ‘Revision of Health Insurance Regulatory Returns’ dated September 13, 2022 and has issued Press Release on same as “Rationalization of Health Insurance Business Returns” dated September

Observing Cyber Jaagrookta (Awareness) Diwas (CJD) on first Wednesday of every month

IRDAI’s vide Ref No: IRDAI/GA&HR/CIR/MISC/189/09/2022 dated September 06, 2022 has issued a Circular requesting all Regulated Entities and Training institutes to prepare an “Annual Action Plan” for celebrating “ Cyber Jaagrookta (Awareness) Diwas (CJD) ” on

Reconstitution of Committee to review IRDAI’s Information & Security Guidelines

IRDAI’s vide Ref No: IRDAI/GA&HR/ORD/MISC/186/09/2022 dated September 06, 2022 has issued an Order on ‘Reconstitution of Committee to review IRDAI’s Information & Security Guidelines’ (Order). The ‘Committee to review IRDAI’s Information & Security Guidelines’ (Committee) has

Guidelines on Information and Cyber Security

IRDAI vide Reference No. IRDA/GA&HR/GDL/MISC/184/09/2022 dated September 2, 2022 has issued a Circular on “Guidelines on Information and Cyber Security” (Circular). The said Guidelines which were earlier applicable to all the insurers have been made applicable

IRDAI Circular on Appointment or Continuation of Common Director(s) u_s 48A of Insurance

The IRDAI has issued a circular on “Appointment or Continuation of Common Director(s) u/s 48A of Insurance Act, 1938” dated September 02, 2022 (“ Circular ”), superseding its earlier circular on Appointment of Common/Nominee Director(s) on

Exposure Draft – IRDAI (Payment of Commission or Remuneration or Reward to Insurance Agen

IRDAI has issued an Exposure Draft – IRDAI (Payment of Commission or Remuneration or Reward to Insurance Agents and Insurance Intermediaries) Regulations, 2022 dated August 23, 2022 with the objectives to enhance responsiveness of the regulation

Order – Expert Committee on Implementation of Ind AS _ IFRS in Insurance sector

IRDAI has issued an Order pertaining to the constitution of an ‘Expert Committee on i mplementation of Ind AS / IFRS in i nsurance sector’ dated August 22, 2022. Highlights of the Order are as follows: