Repealing of redundant Circulars/ Guidelines/ Clarifications

IRDAI vide circular bearing number IRDAI/INT/CIR/MISC/129/6/2023 dated June 14, 2023 has notified the Insurance Intermediaries and Insurers regarding repeal of redundant Circulars/ Guidelines/ Clarifications in order to rationalize and enhance clarity in compliance requirements. The list of the same is mentioned below:

Sl.

no.

Name of Circular/ Guideline / Clarification

Reference No.

Date of Issuance

BROKERS

1

The Principal Officers of Licensed Insurance Brokers.

IRDA/BRO/36/AUG-04

18-Aug-2004

2.

Remuneration and Remuneration Payable to Direct Insurance Broker and Insurance Agent.

IRD/CIR/BRO/074/FEB-05

22-Feb-2005

3.

The Principal Officers of Licensed Insurance Brokers.

026/IRDA/INS.BROKERS/OCT05

11-Oct-2005

4.

Brokers On-line Filing of Annual Returns.

009/IRDA/BRO/MAY06

26-May-2006

5

Limits on Payment of Commission or Brokerage on General Insurance Business.

033/IRDA/BROK-COMM/DEC-06

04-Dec-2006

6.

Insertion of Word Insurance Broker/Brokers/Broking in the name of Company.

011/IRDA/CIR/BRO/MAY-07

21-May-2007

7.

Limits on Payment of Commission or Brokerage on General Insurance Business with Effect From1 st October 2008.

011/IRDA/BROK-COMM/AUG-08

25-Aug-2008

8.

Claim Consultancy by Insurance Brokers.

IRDA/BRK/CIR/GLD/270/12/2011

07-Dec-2011

9.

Circular Regarding Broking Business.

IRDA/DIST/BRK/CIR/MISC/204/10/2013

11-Oct-2013

10.

Furnishing of Office Addresses.

IRDA/BRK/MISC/CIR/143/06/2014

18-Jun-2014

11.

Furnishing of Business Figures and Remuneration.

IRDA/BRK/MISC/CIR/144/06/2014

18-Jun-2014

12.

Sale of Insurance Products Through Online and/or by Tele-marketing Mode.

IRDA/BRK/MISC/CIR/190/08/2014

12-Aug-2014

13.

Filing of Returns Through Business Analytics Project (BAP) – Broker Module.

IRDA/BROKER/MISC/CIR/232/10/2014

21-Oct-2014

14.

Appointment of Auditors by the Insurance Brokers.

IRDA/BRK/MISC/CIR/240/10/2014

30-Oct-2014

15.

Filing of Returns Through Business Analytics Project (BAP).

IRDA/BROKER/MISC/CIR/276/12/2014

17-Dec-2014

16.

Guidelines on Indian Owned and Controlled for Insurance Intermediaries.

IRDA/INT/CIR/ORD/208/11/2015

20-Nov-2015

17.

Approach in Case of Non-compliance of IRDA (Insurance Broker) Regulations, 2015.

IRDA/INT/MISC/ORD/014/01/2016

15-Jan-2016

18.

Withdrawal of Circular no. IRDA/DIST/BRK/CIR/205/10/2013 Dated 30-Oct-2013.

IRDA/BRK/MISC/CIR/120/05/2017

24-May-2017

19.

Filing of Appropriate Data in the Business Analytics Project (BAP module).

IRDA/BRK/MISC/CIR/172/07/2017

24-Jul-2017

20.

Brokers regulations 2018 – Clarification.

IRDAI/BRK/MISC/CIR/039/02/2018

23-Feb-2018

21.

Additional time allowed for filing Regulatory Returns to all insurance intermediaries.

IRDAI/INT/CIR/MISC/087/04/2020

09-Apr-2020

22.

Additional Time Allowed for Filing Quarterly Returns-Q4-2019-20-Regulatory Returns to All Insurance intermediaries.

IRDAI/INT/CIR/MISC/118/05/2020

13-May-2020

23.

Additional Time Allowed for Filing All Returns due on 31st March 2021.

IRDAI/INT/CIR/MISC/116/04/2021

30-Apr-2021

AGENCY DISTRIBUTION

1.

Guidelines on Qualifications of Corporate Insurance Executives and Faculty June 2009.

IRDA/AGENTS/ORD/17/JULY/2009

03-Jul-2009

2.

Insurance Qualification of the Corporate Agent.

IRDA/ AGENTS/ORD/25/AUG 2009

06-Aug-2009

3.

Transfer of Agency / Corporate Agency Agreement from One Insurer to Another.

31/IRDA/CA/CIR/SEP-09

02-Sep-2009

4.

New Agency Licensing Portal – Clarifications/Instructions.

IRDA/CAGTS/CIR/LCE/082/05/2010

17-May-2010

5.

Transfer of Corporate Agency from One Insurer to Another.

IRDA/CAGTS/CIR/LCE/092/06/2010

07-Jun-2010

6.

Inspection of Corporate Agents by Insurers.

IRDA/CAGTS/CIR/LCE/093/06/2010

07-Jun-2010

7.

Guidelines on Issue / Renewal of License to Corporate Agents.

IRDA/CAGTS/GTL/LCE/106/06/2010

28-Jun-2010

8.

PAN For Corporate Agents.

IRDA/CAGTS/CIR/LCE/135/08/2010

23-Aug-2010

9.

Guidelines for Individual Agents for Persistency of Life Insurance Policies.

IRDA/CAD/GDL/AGN/016/02/2011

11-Feb-2011

10.

Guidelines Pertaining to Individual Agents.

IRDA/CAD/GDL/AGN/016/02/2011

15-Feb-2011

11.

Guidelines Pertaining to Agents.

IRDA/CAD/GDL/AGN/052/03/2011

25-Mar-2011

12.

Guidelines Pertaining to Corporate Agents.

IRDA/Life/GDL/AGN/266/12/2011

07-Dec-2011

13.

Guidelines Pertaining to Agents.

IRDA/CAGTS/GDL/028/02/2013

18-Feb-2013

14.

Guidelines Pertaining to Archived Agency Licenses.

IRDA/AGTS/CIR/GLD/066/04/2013

04-Apr-2013

15.

Pre-Recruitment Examination of Insurance Agents.

IRDA/AGTS/GDL/CIR/108/05/2013

30-May-2013

16.

Transfer of Agency / Corporate Agency License from one Insurer to Another.

IRDA/CAGTS/CIR/142/07/2013

25-Jul-2013

17.

Guidelines Pertaining to Agents.

IRDA/DIST/GDL/MISC/183/09/2013

12-Sep-2013

18.

Agents Pre-Recruitment Examination – New Syllabus (IC-34).

IRDA/AGTS/MISC/CIR/041/01/2014

28-Jan-2014

19.

Agents Pre Recruitment Examination – New Syllabus (IC-33).

IRDA/AGTS/CIR/LCE/164/07/2014

15-Jul-2014

20.

Guidelines on Appointment of Insurance Agents, 2015.

IRDA/AGTS/CIR/GLD/046/03/2015

17-Mar-2015

21.

Guidelines on Appointment of Insurance Agents 2015.

IRDA/AGTS/GDL/CIR/060/04.2015

01-Apr-2015

22.

IRDAI (Appointment of Insurance Agents) Guidelines, 2015 – instructions.

IRDA/AGTS/CIR/GLD/081/04/2015

22-Apr-2015

23.

URNs Created Before 01 st April 2016 in respect of Specified Persons of Corporate Agents.

To all CEOs of the insurers

18-May-2016

24.

Deferment of Individual Agents and Corporate Agents Exam.

IRDAI/Corp Agents/2019-20/03/01

20-Mar-2020

25.

Board Approved Policy for Payment of Rewards – FY 2020-21 onwards.

IRDAI/INT/CIR/MISC/ 080/04/2020

03-Apr-2020

26.

Corporate Agency Matters of the PSBs that have Merged Wef 1 st April 2020.

IRDAI/CA/CIR/MISC/086/04/2020

08-Apr-2020

27.

Allowing IC-38 Exams for Individual Agents Through Remote Proctor on Pilot Basis.

IRDAI/CAD/CIR/MISC/267/11/2020

04-Nov-2020

SURVEYORS

1.

Revised Financial Limits of Categorized SLAs .

Nil

24-May-2003

2.

Loss Surveyors’ Limits of Categorized Surveyors.

026/IRDA/SUR/CIR/DEC-08

22-Dec-2008

3.

Stoppage of Professional Services by Surveyors on 7th & 8th December 2009.

IRDA/SUR/MISC/CIR/074/11/2009

17-Nov-2009

4.

Appointment of Surveyors and Loss Assessors.

27/IRDA/SUR/CIR/AUG10

27-Aug-2010

5.

Integrated Surveyor Licensing Management System.

IRDA/SUR/MISC/CIR/126/06/2012

07-Jun-2012

6.

Extension of time for submission of Views /Comments/Suggestions on Exposure.

IRDA/SUR/MISC/CIR/237/10/2012

10-Oct-2012

7.

Changes mandated in respect of Corporate.

IRDA/SUR/AREG/CIR/085/05/2013

06-May-2013

8.

IRDAI Surveyor Regulation (Amended), 2013 and updation of Surveyor Data for ONLINE Licensing System.

IRDA/SUR/AREG/CIR/086/05/2013

06-May-2013

9.

Notice to all Corporate Surveyors.

IRDA/DIST/SUR/CIR/203/10/2013-13

10-Oct-2013

10.

Categorization and Upgradation of Surveyors.

IRDA/SUR/AREG/CIR/087/10/13

17-Oct-2013

11.

Online System for Licensing and Renewal.

IRDA/SUR/NTC/MISC/269/12/2014

23-Jan-2015

12

Clarifications on Transitory provisions Under Section 64UM(3) read with Regulation 27 of the IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015.

IRDA/SUR/MISC/CIR/180/09/2016

07-Sep-2016

13.

Contact details of Surveyor Department at Delhi.

IRDA/SUR/CON/MISC/03/2017

31-Mar-2017

14.

Time limit for filing Returns under Regulation 21 of IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015.

IRDA/SUR/CIR/MISC/222/09/2017

21-Sep-2017

15.

List of Surveyors and Loss Assessors dated 30/10/2018.

IRDA/SUR/NTC/MISC/193/11/2018

05-Dec-2018

IMF / WEB AGGREGATORS / MISP

1.

Clarification on IRDAI (Registration of Insurance Marketing Firm) Regulations, 2015.

IRDA/INT/CIR/IMF/041/03/2016

03-Feb-2016

2.

Removal of cap on maximum credit hours per day pertaining to training requirements for Principal Officer and Insurance Sales Person(s) of Insurance Marketing Firms.

IRDA/INT/CIR/IMF/119/06/2016

14-June-2016

3.

Procedure to be followed to deal with resignation of Insurance Sales Persons (ISPs) of Insurance Marketing Firms (IMF).

IRDA/INT/CIR/IMF/122/05/2017

26-May-2017

4.

Payment of Reward under MISP on Standalone Motor Third Party Insurance.

IRDA/INT/CIR/MISP/142/09/2018

09-Apr-2018

5.

Clarification on Outsourcing Activities Undertaken by Insurance Web Aggregators and Remuneration Payable.

IRDAI/INT/CIR/WBA/202/12/2018

12-June-2018

Source category: IRDAI

Attachments

  • /2023/217_list_of_circulars_guidelines_clarifications_repealed.pdf
  • /2023/217_Repealing_of_redundant_Circulars__Guidelines___Clarifications.pdf

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