IRDA – Public Disclosure by Insurers

To

The CEO™s of all Insurance Companies and Reinsurer

Sub:  Public Disclosures by Insurers

Attention is invited to IRDA™s Circular no. IRDA/F&I/CIR/F&A/012/01/2010 dated 28^th January 2010 and further clarifications issued thereon vide Circular  dated 9^th April 2010, wherein the Authority has mandated Public Disclosures by the insurers at periodic intervals.

2.       Effective from the year ending March 2011, all insurers are required to file a Certificate confirming compliance with the stipulations on public disclosures as under:

(1)  Compliance with disclosure requirements on the Insurer™s website (Annexure 1) ; and

(2)  Compliance with the requirements on publication in the Newspapers (Annexure 2).

3.       The Certificate is required to be submitted to the Authority within one week of applicable timelines under respective disclosure requirements as stipulated in the Circular under reference.

 

Sd/-

(R K Nair)

Member (F&I)

 

Annexure 1

Name of the Insurer:

 

Compliance Certificate

(Disclosures on Insurer™s website)

 

This is to certify that in compliance with IRDA circular no. IRDA/F&I/CIR/F&A/012/01/2010 dated 28^th January, 2010 and further clarifications thereon vide circular dated 9^th April 2010, all the forms required to be published by M/s _(Name of the Insurer)_______ have been published on the website for the quarter ended ____________/half year ended_____________/year ended _______on _______ (date) , as per the prescribed format.

 

There are no deviations from the stipulated requirements.

 

It is further certified that the information furnished in the prescribed formats is complete and correct to the best of my knowledge and belief and nothing has been concealed or suppressed.

Date:

Place:                                                                                                 Signature

__________________

(CEO)

Name of the Insurance Co.

Seal of the Company

Annexure 2

 

 

 

Name of the Insurer:

 

Compliance Certificate

(Publication in Newspaper)

 

 

This is to certify that publication of the half yearly/ yearly results in the Newspapers for the period/year ending __________ was done in the following newspapers within the timelines as indicated in the aforesaid circular and in the prescribed manner:

 

 

It is further certified that the information furnished in the prescribed formats is complete and correct to the best of my knowledge and belief and nothing has been concealed or suppressed.

 

 

Date:

Place:                                                                                                 Signature

__________________

(CEO)

Name of the Insurance Co.

Seal of the Company