The Authority had in the year 2002 categorised the licensing of surveyors
into three categories - "A", "B" and "C" and had indicated the monetary
limits upto which each individual category surveyors would carry out
a survey. Since then representations have been received by the "Authority
on the need for a rationalization of the structure. After examining
the representations so far received in this regard, the Authority now
decide to re-fix the limits of the value of survey to be undertaken
by different category of surveyors in respect of the following classes
of survey.
There will not be any changes in the different values of work allotted
to surveyors in Marine Hull and Loss of Profit businesses.
In respect of Marine Cargo and Miscellaneous the following
would be the changes.
Category "C", the existing limit of Rs. 1 lac would be enhanced to Rs.
3 lacs.
Category "B", the present limit of Rs. 3 lacs would be enhanced to Rs.
7.5 lacs.
Category "A", these surveyors would be permitted to undertake survey
in respect of claim of over Rs. 3 lacs.
Motor
Category "C", the existing limit of Rs. 75,000/- would be enhanced to
Rs. 1 lacs.
Category "B", the existing limit of Rs. 1.5 lacs would be enhanced to
Rs. 2 lakhs.
Category"A", Surveyors would be permitted to undertake survey in respect
of claim of over Rs. 1 lac.
Fire
Category "C", the existing limit of Rs. 10 lacs would be reduced to
Rs. 5 lacs.
Category "B", the existing limit of Rs. 25 lacs would be reduced to
Rs. 20 lacs.
Category "A", the limit above will be fixed at Rs. 5 lacs instead of
Rs. 10 lacs.
Engineering
Category "C", the limit of Rs. 5 lacs existing now would be reduced
to Rs. 2 lacs
Category "B", Rs. 10 lacs will be reduced to Rs. 7.5 lacs
Category "A" the limit will be Rs. 2 lacs as against Rs. 5 lacs.
These changes will take place w.e.f. 1st June, 2003.
(N.
Rangachary)
Chairman