Page 111 - Insurance Surveyors Book Ebook IC S01

Survey And Loss Assessment IC-S01

treated as a fresh case, and, accordingly, the applicant shall satisfy all the

requirements of Regulation 3(2) above.

Application for grant of fresh Corporate Surveyor and Loss Assessor License and

related matters

(1) An applicant desiring to obtain a Corporate Surveyor and Loss Assessor license

shall do so in FormIRDAI-3-AF as given in the Schedule II to these Regulations.

(2) Eligibility Criteria – the directors/ partners of the company/ firm, shall conform

mutatis-mutandis to the eligibility criteria set out in Regulation 3 of these

Regulations.

(3) In addition, the Authority shall satisfy itself that the application submitted is

complete in all respects,satisfies all the applicable requirements of Section 64UM

read with Section 42D of the Act.

Provided that none of the directors or partners suffers from any of the

disqualifications mentioned in Section 42D of the Act.

(4) There shall be at least two directors/ partners in the company / firm at any point

of time who are members of the Institute and are licensed to act as Surveyor and

Loss Assessor. The department and level of membership of the director/ partner

under their individual Surveyor and Loss Assessor License shall become the

department and level of Membership of the Company/ firm. Any licensed Surveyor

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