To

The CEOs of
Insurers & Reinsurer


Dear Sir/Madam,

 

IRDA (Assets, Liabilities and Solvency Margin of Insurers) Regulations, 2000

 

The Authority vide Circular Nos. 045/IRDA/F&A/Mar-06 dated March 31, 2006 and IRDA/F&A/060/Mar-08 dated March 11, 2008 had issued directions on the IRDA (Assets, Liabilities and Solvency Margin of Insurers) Regulations, 2000.

The Authority had vide circular no. IRDA/F&A/060/Mar-08 dated March 11, 2008 deferred implementation of the directions requiring insurers to value the debt securities at lower of the amortized cost and the market value for the purpose of computation of solvency margin. As per the circular, these instructions were to be implemented effective financial year 2008-09.

Keeping in view the requests of the insurers and pending finalisation of the guidelines on segregation of the investment portfolio into Held to Maturity and Held for Trading, the Authority hereby defer implementation of the instructions.

 

Yours faithfully,


(C. R. Muralidharan)
Member (F&I)

     

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