No.IRDA/BRK/MISC/CIR/120/05/2017 24th May 2017.
CEOs of all insurance companies
POs of Insurance Broking companies
Reg. Withdrawal of Circular No. IRDA/DIST/BRK/CIR/205/10/2013 dt.30.10.2013.
This is to bring to your notice that Circular No.IRDA/DIST/BRK/CIR/205/10/2013 dt.30.10.2013, stands withdrawn with immediate effect. Henceforth furnishing of data in compliance of the said circular need not be submitted to the Authority.
The insurance broker shall submit at the time of renewal of license, in cases, where license is renewed after the due date, an undertaking, stating that “no business was underwritten during the break-in period of the license”.
(Randip Singh Jagpal)
Chief General Manager