Quick Summary
Insurance Regulatory and Development Authority of India
IRDAI/NL/GDL/MISC/244/09/2021
8th September, 2021
To,
The Chairman-Cum- Managing Directors/Chief Executive officers of General Insurance Companies (except ECGC Ltd and AIC Ltd)
Madam/Sir,
IRDAI (Trade Credit Insurance) Guidelines, 2021
The revised guidelines on Trade Credit insurance are hereby issued considering the evolving insurance risk needs of various sectors and response to changing market conditions.
The guidelines shall come into force with effect from 1st November, 2021. The guidelines have been placed on the IRDAI website (https://www.irdai.gov.in).
Yours faithfully,
Sd/-
(Yegnapriya Bharath)
Chief General Manager (NL)
FAQ :
The new guidelines are specifically for Trade Credit Insurance.
The guidelines will come into force on 1st November 2021.
The guidelines have been revised to consider the evolving insurance risk needs of various sectors and to respond to changing market conditions.
The guidelines have been placed on the IRDAI website.
These guidelines are addressed to the Chairman-Cum Managing Directors/Chief Executive Officers of General Insurance Companies, except for ECGC Ltd and AIC Ltd.
CAclubindia
Source : https://www.irdai.gov.in/admincms/cms/whatsNew_Layout.aspx?page=PageNo4561&flag=1