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SOURCE OF INFORMATION : INSURANCE REGULATORY & DEVELOPMENT AUTHORITY OF INDIA WEBSITE
PERIOD COVERED : 16-AUG-2002 TO 13-JUL-2024

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

INSURANCE THIRD PARTY ADMINISTRATOR (TPA): CONDUCTED OPERATIONS AGAINST THE INTERESTS OF INSURANCE COMPANY AND POLICYHOLDERS

S.No. ENTITY  PERSONS  REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person ICAN HEALTH SERVICES PVT.LTD.  
  COMMITTED BREACH OF CODE OF CONDUCT UNDER IRDA REGULATIONS

DEFAULTED IN MAINTAINING PRESCRIBED WORKING CAPITAL UNDER REGULATION 3(4)

CHANGED THE CHARACTER AND OWNERSHIP OF COMPANY SINCE GRANT OF LICENCE

UNSATISFACTORY AND WEAK FINANCIAL POSITION

CONDUCTED OPERATIONS AGAINST THE INTERESTS OF INSURANCE COMPANY AND POLICYHOLDERS   		REJECTED APPLICATION FILED FOR RENEWAL OF LICENCE (TPA)

22-MAR-2006 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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