IRDAI issues Guidelines for grant of licence to act as Insurance Surveyor and Loss Assessor.

The Insurance Regulatory and Development Authority of India vide its notification dated 2nd December 2020 has set out the procedure for obtaining a fresh license or renewal of licence to act as a surveyor and loss assessor.

The applicants shall register with the IRDAI portal viz. www.irda.bap.org.in and obtain a user ID and the applicants are requested to ensure that correct E-Mail ID and mobile number are provided. The applicant shall upload the documents online but shall maintain the original physical copies of all the relevant certificates with him throughout the period of validity of licence issued by Authority and shall produce the same whenever sought by Authority and all documents shall be self-attested.

Further for determining whether an applicant / surveyor is a ‘Fit and Proper Person’, the following shall be considered-

a)     Financial integrity;

b)    Absence of convictions or civil liabilities involving moral turpitude;

c)    Appropriate competence, experience and qualification;

d)    Good reputation and character;

e)    Efficiency and honesty;

f)     Absence of any disqualification to act as ‘intermediary or insurance intermediary’ as stipulated in Section 42D of the Insurance Act, 1938

The applicants shall furnish a declaration cum undertaking in the prescribed form IRDAI AF 20 to determine the ‘fit and proper’ status.

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