Sub : CANCELLATION OF BROKER LICENSE NO 182.

WHEREAS, M/S. Insol Insurance Broking Services Pvt Ltd, (hereinafter referred to as the ‘Broker’) having its Registered Office at 1 A, 4 th Floor, Samudrika Apartments, Pandurangapuram, Visakhapatnam- 530 003 has been granted license by the Authority to act as a Direct Broker vide License No. 182 on 8 th July, 2003 and renewed till 7 th July, 2009 pursuant to the provisions of the IRDA (Insurance Brokers) Regulations, 2002.

WHEREAS, the Broker vide letter dated 5 th June, 2009 expressed the desire to voluntarily surrender the direct broking license and informed that it would no longer like to renew the license.

WHEREAS, the Broker vide its letter dated 28.12.2009 has submitted the requirements including the original license No.182 for cancellation.

NOW THEREFORE, pursuant to the request made by the Broker for surrender of Broker License, the Authority hereby cancels the Direct Broker License No.182 granted to M/S. Insol Insurance Broking Services Pvt Ltd with immediate effect.

           Sd/-
(Prabodh Chander)
Executive Director