The Authority had on 4th October 2004 issued 'Standard Instructions and Guidelines' for Approval / Renewal of Agents Training Institutes approved/ to be approved by the Authority. Clause 27 of the same specifies that the existing institutes have to convey their willingness to abide by these instructions in the format prescribed for the purpose, within 15 days of the issuance of the said guidelines.

We find that till 9th of November 2004 the Authority has received only 407 complete confirmations as per the prescribed format (whose list is already placed on our website). We propose to issue instructions to the Insurers that they may send their candidates for pre-licensing training to the institutes whose names appear in the above list.

Since many Institutes have failed to send in their confirmations in the prescribed format it has been decided to provide them with another opportunity to send their confirmation in the format prescribed so as to reach the Authority on or before the 30th November 2004. Failure to send their confirmations to the Authority within the specified time will be presumed to mean that the Institutes are no more interested in continuing with the accreditation and carrying on the pre-licensing training of agents and their accreditation will be cancelled without further notice.



(C. S. Rao)
Chairman