WHEREAS, M/S. RPMG Risk Management Services (P) Ltd., (hereinafter referred to as the ‘Broker’) having its Registered Office at 305, Surya Kiran, 19 K.G.Marg, New Delhi 110001 has been granted license by the Authority to act as a Direct Broker in the field of both life and general insurance vide License No. 155 on 2nd May, 2003 and renewed till 1 st May, 2009 pursuant to the provisions of the IRDA (Insurance Brokers) Regulations, 2002.

WHEREAS, the Broker vide letter dated 27 th April, 2009 communicated to the Authority that it would like to discontinue as Direct Insurance Broker with immediate effect.

WHEREAS, the Broker has given an undertaking to service the existing contracts concluded by them and also make suitable arrangements with another licensed broker for future servicing as required under Regulation 40 of the IRDA Insurance Brokers Regulations 2002.
WHEREAS, the Broker vide its letter dated 06.11.2009 surrendered the original license No.155 which expired on 01.05.2009.

NOW THEREFORE, pursuant to the request made by the Broker for surrender of Broker License, the Authority hereby cancels the Direct Broker License No. 155 granted to M/S. RPMG Risk Management Services (P) Ltd.

Sd/-
(Prabodh Chander)
Executive Director

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