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Insurance Regulatory and Development Authority of India Ref. No: IRDA/ACT/CIR/MISC/001/01/2020 Date:01-01-2021 Re: Clarification on the IRDAI (Assets, Liabilities and Solvency Margin of Life Insurance Business) Regulations, 2016 and IRDAI (Assets, Liabilities and Solvency Margin of General
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FAQ :
The IRDAI (Assets, Liabilities and Solvency Margin of Life Insurance Business) Regulations, 2016 and the IRDAI (Assets, Liabilities and Solvency Margin of General Insurance Business) Regulations, 2016 are being clarified.
This notification is addressed to the CEOs/Principal Officers of Life Insurers and General Insurers, including Standalone Health Insurers.
It is clarified that the Appointed Actuary will be given advance notice by an Authority officer (not below the rank of Deputy General Manager) regarding the reasons for requiring their personal visit to the Authority.
These clarifications come into force with immediate effect.
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Notification No : IRDA/ACT/CIR/MISC/001/01/2020Published in Miscellaneous
Source : https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4322&flag=1