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IRDA issues regulations on the preparation of Financial Statements and Auditor’s Report of Insurance Co.

May 12, 2021
The Insurance Regulatory and Development Authority (IRDA) has come up with a notification for providing regulations on the Preparation of Financial Statements and Auditor’s Report in respect of providing a manner that how the premium and unearned premium reserve should be recognized by the insurers carrying on general insurance businesses. These regulations shall be effective from the first day of the F.Y. after notification of these regulations.
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