| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ALEX STEWART INSURANCE SURVEYORS & LOSS ASSESSORS PVT.LTD.
|
|
|
PERFORMED SURVEY WORK IN AREAS FOR WHICH DID NOT HOLD THE LICENSE VIOLATING REGULATION 16(5) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
DELAY IN SUBMISSION OF SURVEY REPORTS VIOLATING REGULATION 15 OF IRDAI (PROTECTION OF POLICYHOLDERS INTEREST) REGULATION 2018 AND REGULATION 13 OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
ENGAGED SURVEYOR NOT HAVING AUTHORITY LICENSE VIOLATING CLAUSE 15(1) UNDER REGULATIONS 4 AND 12(1) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATION 2015
|
IMPOSED PENALTY RS.1,00,000
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
14-SEP-2021
|
|
| 2 |
|
|
APEX INSURANCE SURVEYORS & LOSS ASSESSORS PVT.LTD.
|
|
|
DELAY IN SUBMISSION OF SURVEY REPORTS TO INSURERS VIOLATING REGULATION 13(2) OF CHAPTER IV OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015 READ WITH REGULATION 15(5) OF IRDAI (PROTECTION OF POLICYHOLDERS INTERESTS) REGULATION, 2017
ENGAGED UNLICENSED INDIVIDUALS FOR SURVEY JOB VIOLATING REGULATION 4(15)(3) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015 READ WITH SECTION 64UM(1) OF INSURANCE ACT, 1938
|
IMPOSED PENALTY RS.2,00,000
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
08-NOV-2021
|
|
| 3 |
|
|
CONNATE INSURANCE SURVEYORS & LOSS ASSESSORS PVT.LTD.
|
|
|
SURRENDERED CORPORATE SURVEYORS AND LOSS ASSESSORS LICENSE
|
CANCELLED CERTIFICATE OF REGISTRATION AS INSURANCE SURVEYOR AND LOSS ASSESSOR
19-JUN-2019
|
|
| 4 |
|
|
DINESH CHAND JAIN
|
|
|
ACTED AS CORPORATE INSURANCE SURVEYOR AND LOSS ASSESSOR WITHOUT LICENSE
|
REJECTED APPLICATION FILED FOR RENEWAL OF LICENCE AS INSURANCE SURVEYOR AND LOSS ASSESSOR
15-SEP-2009
|
|
| 5 |
|
|
INNOVATIVE INSURANCE SURVEYORS & LOSS ASSESSORS PVT.LTD.
|
|
|
DID NOT MAINTAIN RECORDS PROPERLY AND ADEQUATELY VIOLATING REGULATION 16(9) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
SURVEYS CONDUCTED BY OTHER THAN LICENSED PERSON VIOLATING CLAUSE 1 OF REGULATION 12 AND CLAUSES 15(1), 15(3) & 15(4) OF REGULATION 4 AND CLAUSE 5 & 7 OF REGULATION 16 OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
DID NOT SEEK EXTENSION FOR SUBMISSION OF SURVEY REPORT VIOLATING CLAUSES 2 AND 3 UNDER REGULATIONS 13 OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATION 2015
DID NOT INTIMATE IRDA ABOUT APPOINTMENT/RESIGNATION OF DIRECTORS VIOLATING CLAUSE 4(A) UNDER REGULATIONS 3 OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATION 2015
DID NOT SUBMIT REQUISITE DATA TO INSPECTION TEAM
|
IMPOSED PENALTY RS.2,00,000
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
08-NOV-2021
|
|
| 6 |
|
|
J.B.BODA INSURANCE SURVEYORS & LOSS ASSESSORS PVT.LTD.
|
|
|
PERFORMED SURVEY WORK IN AREAS FOR WHICH DID NOT HOLD THE LICENSE VIOLATING REGULATION 16(5) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
DELAY IN SUBMISSION OF SURVEY REPORTS VIOLATING REGULATION 15 OF IRDAI (PROTECTION OF POLICYHOLDERS INTEREST) REGULATION 2018 AND REGULATION 13 OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
DID NOT MAINTAIN RELEVANT DOCUMENTS VIOLATING REGULATION 16(13) & (14) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
|
IMPOSED PENALTY RS.4,00,000
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
14-SEP-2021
|
|
| 7 |
|
|
K.D.KOHLI INSURANCE SURVEYORS & LOSS ASSESSORS PVT.LTD.
|
|
|
DID NOT INFORM IRDAI ABOUT DEMISE OF ITS’ DIRECTOR WITHIN STIPULATED TIME VIOLATING REGULATION 4(6)(2) AND 4(4) OF (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015 READ WITH 64UM OF THE INSURANCE ACT,1938
|
IMPOSED PENALTY RS.5,00,000
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
21-MAR-2018
|
|
| 8 |
|
|
K.D.KOHLI INSURANCE SURVEYORS & LOSS ASSESSORS PVT.LTD.
|
|
|
PERFORMED SURVEY WORK IN AREAS FOR WHICH DID NOT HOLD THE LICENSE VIOLATING REGULATIONS 12(1) AND 16(5) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
DELAY IN SUBMISSION OF SURVEY REPORT VIOLATING REGULATIONS 13(2) AND 13(3) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
DID NOT SHARE SURVEY REPORTS WITH THE INSURED VIOLATING REGULATION 13(2) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
SURVEYED WITHOUT VALID SURVEYOR LICENSE VIOLATING REGULATION 12(1) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
|
IMPOSED PENALTY RS.11,00,000
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
16-SEP-2021
|
|
| 9 |
|
|
KALYAN PRASAD SEN
|
|
|
ACTED AS CORPORATE INSURANCE SURVEYOR AND LOSS ASSESSOR WITHOUT LICENSE
|
CANCELLED CERTIFICATE OF REGISTRATION AS INSURANCE SURVEYOR AND LOSS ASSESSOR
15-SEP-2009
|
IRDA VIDE ITS ORDER DATED 27/03/2012 REFUSED TO GRANT THE RENEWAL OF LICENSE TO ACT AS SURVEYOR AND LOSS ASSESSOR
|
| 10 |
|
|
KAYPSENS SURVEYORS PVT.LTD.
|
|
|
|
DINESH CHAND JAIN
|
|
ACTED AS CORPORATE INSURANCE SURVEYOR AND LOSS ASSESSOR WITHOUT LICENSE
|
REJECTED APPLICATION FILED FOR RENEWAL OF LICENCE AS INSURANCE SURVEYOR AND LOSS ASSESSOR
15-SEP-2009
|
|
| 11 |
|
|
KAYPSENS SURVEYORS PVT.LTD.
|
|
|
|
KALYAN PRASAD SEN
|
|
ACTED AS CORPORATE INSURANCE SURVEYOR AND LOSS ASSESSOR WITHOUT LICENSE
|
CANCELLED CERTIFICATE OF REGISTRATION AS INSURANCE SURVEYOR AND LOSS ASSESSOR
15-SEP-2009
|
IRDA VIDE ITS ORDER DATED 27/03/2012 REFUSED TO GRANT THE RENEWAL OF LICENSE TO ACT AS SURVEYOR AND LOSS ASSESSOR
|
| 12 |
|
|
MACK INSURANCE SURVEYORS & LOSS ASSESSORS PVT.LTD.
|
|
|
DELAY IN SUBMISSION OF SURVEY REPORTS VIOLATING REGULATION 13(2) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
UNDERTOOK SURVEY NOT IN COMMENSURATE WITH THEIR RESOURCES VIOLATING REGULATIONS 4(15)(4) AND 12(1) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
EMPLOYEE WORKED IN INDIVIDUAL CAPACITY ALSO VIOLATING REGULATION 4(15)(3) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
|
IMPOSED PENALTY RS.13,00,000
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
15-SEP-2021
|
|
| 13 |
|
|
MAGMA HDI GENERAL INSURANCE CO.LTD.
|
|
|
ENGAGED UNLICENSED EMPLOYEES FOR ASSESSMENT OF MOTOR OWN DAMAGE CLAIMS OF ABOVE RS.50,000 VIOLATING REGULATIONS 12(1 & 2) READ WITH 3 & 4 OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
|
IMPOSED PENALTY RS.28,00,000
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
01-SEP-2020
|
|
| 14 |
|
|
MUNISH PRASHAR
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WITH REGARD TO TECHNICAL AND PROFESSIONAL STANDARDS AS STIPULATED IN REGULATION 15(7) OF IRDA REGULATIONS
|
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
25-FEB-2016
|
|
| 15 |
|
|
PURI CRAWFORD INSURANCE SURVEYORS & LOSS ASSESSORS INDIA PVT.LTD.
|
|
|
|
MUNISH PRASHAR
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WITH REGARD TO TECHNICAL AND PROFESSIONAL STANDARDS AS STIPULATED IN REGULATION 15(7) OF IRDA REGULATIONS
|
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
25-FEB-2016
|
|
| 16 |
|
|
R.K.SINGHAL & CO.PVT.LTD.
|
|
|
|
RAJINDER KUMAR SINGHAL
|
|
DID NOT CARRY OUT PROFESSIONAL WORK WITH DUE DILIGENCE, CARE & SKILL WITH REGARD TO TECHNICAL AND PROFESSIONAL STANDARDS AS STIPULATED IN REGULATION 15 (7) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
|
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
24-APR-2017
|
|
| 17 |
|
|
RAJINDER KUMAR SINGHAL
|
|
|
DID NOT CARRY OUT PROFESSIONAL WORK WITH DUE DILIGENCE, CARE & SKILL WITH REGARD TO TECHNICAL AND PROFESSIONAL STANDARDS AS STIPULATED IN REGULATION 15 (7) OF IRDAI (INSURANCE SURVEYORS AND LOSS ASSESSORS) REGULATIONS, 2015
|
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
24-APR-2017
|
|
| 18 |
|
|
S.SONI & CO.
|
|
|
|
SANJEEV SONI
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WITH REGARD TO TECHNICAL AND PROFESSIONAL STANDARDS AS STIPULATED IN REGULATION 15(7) OF IRDA REGULATIONS
|
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
12-FEB-2016
|
|
| 19 |
|
|
SANJEEV SONI
|
|
|
DID NOT EXERCISE DUE SKILL, CARE AND DILIGENCE WITH REGARD TO TECHNICAL AND PROFESSIONAL STANDARDS AS STIPULATED IN REGULATION 15(7) OF IRDA REGULATIONS
|
CENSURED/WARNED & DIRECTED/ADVISED TO BE DILIGENT IN COMPLYING WITH ALL THE ACTS, REGULATIONS ETC.
12-FEB-2016
|
|
| 20 |
|
|
SUBASH C.SARAF
|
|
|
COMMITTED BREACH OF CODE OF CONDUCT UNDER IRDA REGULATIONS
|
REJECTED APPLICATION FILED FOR RENEWAL OF LICENCE AS INSURANCE SURVEYOR AND LOSS ASSESSOR
12-APR-2013
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
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