The CEOs of All Insurers

Dear Sir,

Gazette Notification – IRDA (Obligations of Insurers to Rural or Social Sectors) (Third & Fourth Amendment) Regulations, 2008

The Authority has issued amendment Notifications to the IRDA (Obligations of Insurers to Rural or Social Sectors) Regulations, 2002 as under:-

• IRDA (Obligations of Insurers to Rural or Social Sectors) (Third Amendment) Regulations, 2008: The amendments provide for the obligations of the insurers in the sixth year onwards of operations. The obligations of the public sector insurers from the financial year 2007-08 onwards have also been notified. The amendment regulations also provide for alignment of obligations with the IRDA (Micro Insurance) Regulations, 2005.
  
• IRDA (Obligations of Insurers to Rural or Social Sectors) (Fourth Amendment) Regulations, 2008: The amendments provide for the obligations of the insurers in the first year of operations.

Insurers are advised to comply with the above regulations effective the financial year 2007-2008.

The above gazette notifications issued are enclosed.

Yours faithfully,

/sd-
(C. R. Muralidharan)
Member