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Govt. amends transitory provisions of IRDAI (Appointed Actuary) Regulations, 2017

May 21, 2019
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The IRDAI has amended the IRDAI (Appointed Actuary) Regulations, 2017 wherein new proviso has been inserted in Regulation 6 which clarifies that for business continuance, the insurer may need exemption from Regulation 5 for a further period beyond on year. Upon request of the insurer and based on merits of the case, the chairperson may grant extension for a further period not exceeding 2 years.
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