To,
CEOs of all General Insurance Companies
Sub: Loss Survey Limits for Categorized Surveyors
The Authority vide its circular dated 24 th May 2003 fixed the financial limits (based on the value of loss as estimated by insurers) up to which surveyor s in the three categories namely A, B and C were permitted to carry out survey / loss assessment work.
The Authority has decided that the insurers may, with immediate effect, have their own internal limits in allocation of survey / loss assessment work to the three categories of surveyor s. For this purpose, every general insurance company shall adopt a policy specifying the internal limits and circulate it to all its operating offices in a transparent manner. A copy of the circular be filed with the IRDA and also displayed on the website of the company.
This is issued with the approval of Chairman, IRDA.
sd/-
( Prabodh Chander )
Executive Director