14th May, 2002

 

PARAMETERS  FOR CATEGORIZATION OF SURVEYORS

 

 

The system of categorization of surveyors and loss assessors had the following components and the same is placed below for the information of all concerned as the process has been completed.

 

A Surveyors and Loss Assessors Committee was constituted under sub-regulation 11(2) of the Insurance Surveyors and Loss Assessors (Licencing, Professional Requirement and Code of Conduct) Regulations 2000 and this committee evolved the criteria of categorization which was considered by the Authority and approved for implementation.

 

Total seven departments were approved out of which each applicant was eligible for three departments based on qualification and experience and LOP department was considered only to be an additional department for those surveyors and loss assessors who had the qualification of CA/ICWA/AIII/FIII/ the relevant experience.

 

A SURVEYORS & LOSS ASSESSORS HAVE BEEN CATEGORIZED BASED ON THE FOLLOWING CRITERIA.

 

CATEGORIZATION PARAMETERS

RANGE OF POINTS TO BE AWARDED

.ACADEMIC QUALIFICATION

0 TO 15

F.I.E, M.TECH., M.E  

15 MARKS

B.E. of any Branch, ICWA, B.Tech.,

10  MARKS

Diploma of any Branch

8 MARKS

Post Diploma

2 MARKS

 

INSURANCE QUALIFICATIONS

0 TO 5

F.I.I.I.

5 MARKS

A.F.I.I.

3 MARKS

L.I.I.I.

1 MARK

TEST DIPLOMA IN TOOL & MFG.

2 MARKS

FELLOW OF INSURANCE SURVEYOR & LOSS ADJUSTER

5 MARKS

(Fellow – 5

 Associate – 3

 Licentiate – 1)

 

 

TRAINING

0 TO 5

 

 

EXPERIENCE

0 TO 20

OTHER THAN INSURANCE

0 TO 5

INSURANCE RELATED

0 TO 15(1/2 mark of each year)

 

HIGHEST ASSESSMENT

0 TO 20

MOTOR

FIRE, ENGG., LOP

MARINE HULL

MISC.

MARINE CARGO

Amount

Lacs.

Points

Amount

Lacs

Points

Amount

Lacs.

Points

Amount

Lacs.

Points

0-1

3

0-10

3

0-1

3

0-5

3

1-2

5

10-25

5

1-3

5

5-10

5

2-4

10

25-50

10

3-10

10

10-25

10

4-15

15

50-100

15

10-25

15

25-50

15

≥15

20

≥100

20

≥25

20

≥50

20

 

 

NUMBER OF SURVEYS IN LAST 3 YEARS

0 TO 20

MOTOR, MARINE CARGO

FIRE, ENGG.,

MARINE HULL

MISC.

LOP

No.

Points

No.

Points

No.

Points

No.

Points

0-100

7

0-10

7

0-15

7

1

7

100-200

12

10-20

12

15-30

12

2

12

200-300

15

20-40

15

30-50

15

3

15

≥300

20

≥40

20

≥50

20

≥4

20

 

QUANTUM OF LOSS

0 TO 15 Points

CATEGORY

I

II

III

Points awarded for each inspection.

15

10

5

 

AVERAGE POINTS TO BE ALLOTTED FOR EACH ELIGIBLE DEPARTMENTS.

For example:-  Fire Department(As per SIF)

YEAR 1997-98

 

 

CATEGORY – I

NO. OF INSPECTIONS

POINTS FOR EACH INSPECTION

TOTAL POINTS

>10 lacs

Category – I

5

15

75

1-10 Lacs

Category – II

20

10

200

0-1 Lac

Category – III

50

5

250

YEAR 1998-99

 

CATEGORY – I

NO. OF INSPECTIONS

POINTS FOR EACH INSPECTION

TOTAL POINTS

>10 lacs

Category – I

7

15

105

1-10 Lacs

Category – II

18

10

180

0-1 Lac

Category – III

45

5

225

YEAR 1999-00

 

CATEGORY – I

NO. OF INSPECTIONS

POINTS FOR EACH INSPECTION

TOTAL POINTS

>10 lacs

Category – I

6

15

90

1-10 Lacs

Category – II

23

10

230

0-1 Lac

Category – III

52

5

260

 

Total No. of Inspections

226

Total Points secured

1615

 

AVERAGE:          TOTAL POINTS                     1615            =  7.14

                             NO. OF INSPECTIONS           226

                                                                             Say =          7.00

Note: .50 and above to be rounded off.

 

Three categories were finally considered for application i.e. A, B, C. 

 

‘A’ category was awarded to those who scored more than 60 marks.

‘B’ category was awarded to those who scored between 40-60 marks.

‘C’ category was awarded to those who scored between 15-40 marks.

 

Accordingly, categorization letters were issued to all the applicant surveyors and they were asked to furnish their options for any three departments which they wished to be allotted for carrying out survey jobs.

 

In response to the above the Authority has received options from many surveyors and where options have not been furnished the Authority has decided to allot three departments where they have obtained the highest category based on their qualification and experience. Subsequently, all these surveyors will be issued the Identity Cards.

 

In respect of Surveyor Firms / Companies all the partners / directors were advised to furnish data for surveys carried out by them in their individual capacity for categorization on the lines as is in the case of individual surveyors.  It was decided that the category of a firm/company would be the  category of its partners / directors, and employee surveyor duly licensed and categorised  and they would be eligible to carry out surveys in the departments allotted to them.

 

All representations received have been reviewed and surveyors have been given relief wherever possible.  The surveyor who feel aggrieved with the outcome of categorization exercise have been given sufficient scope for their opportunity to be heard.

 

In respect of cases where surveyors were not satisfied with their       categorization, since they were already assessing losses of higher quantum by virtue of being on the regional office and head office panel of the public sector companies, they were advised to furnish necessary recommendation to this effect from General Manager (Technical) of any one of the public sector insurance companies along with supporting evidence.

 

Wherever surveyors still continue to feel aggrieved they have a course of appeal to be made to the Chairman, IRDA and after exercising all options the decision shall be conveyed within a stipulated time frame.

 

Subsequent up gradation of categorization will be taken up by the Authority after 01-04-2003 after the surveyors qualify in the specified examination to be conducted by an institution recognized by the IRDA in this behalf.

 

The aforesaid parameters are without prejudice to any order/direction of any Hon’ble Court.

 

 

 

N. RANGACHARI

CHAIRMAN