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INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY - page 17 / 28

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2.

The name and the licence number given in the application should be identical with those shown in the licence held. If there is any subsequent change in the name, the reason for the same should be stated furnishing documentary evidence for the same.

3.

Any correction or alteration made in the application should be initialled by the applicant.

4.

The application should reach the IRDA atleast thirty days before the expiry of the licence. If the application does not reach the IRDA at least 30 days before the date on which the licence ceases to be in force, it will not be entertained. In that case the applicant, if he so desires, may apply for a fresh licence by paying a fee as specified.

5.

A fee of Rs. 200/- plus a documentation charges of Rs. 100/- should be paid by means of Account Payee Demand Draft in favour of Insurance Regulatory and Development Authority, New Delhi drawn on Indian Overseas Bank, Parliament Street, New Delhi.

6.

Payment in Cash or by Money Order, Cheque, Postal Order, Postage or Insurance Stamp is not accepted and will be returned at applicant’s cost.

7.

If the fee is made for a category of surveyor and loss assessor licence which involves payment of higher sum of money and IRDA grants a licence whose category involves payment of lower fees the IRDA shall refund the balance to the applicant within a reasonable period of time through a crossed cheque in favour of the applicant.

8.

The application complete in all respects alongwith crossed Demand Draft should be forwarded by the applicant to the following address:

Insurance Regulatory and Development Authority

Gate No. 3, First Floor, Jeevan Tara Bldg.

5, Parliament Street, New Delhi-110 001.

9.

No acknowledgement of this application will be sent. If one is required the application should be sent by registered post (acknowledgement due). No application is accepted by hand.

10.

An affidavit on two Rupees non-judicial stamp paper is required to be furnished for fresh licence in the form of a declaration as contained is S.No. 3 of the application form.

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