Date: May 10, 2010,
Ref: IRDA/F&I/CIR/F&A/075/05/2010
To,
The CMDs/ CEOs of All Insurance Companies
Dear Sir,
Quarterly Submission of Financial Statements
Authority vide Circular No. IRDA/F&I/CIR/012/01/2010 dated 28.01.2010, has introduced Public Disclosures by Insurers, which is comprehensive and covers all the important aspects of an insurer.
With the introduction of Public Disclosures by Insurers, the Authority feels that there is no need for separated filing of Quarterly Financial Statements as prescribed vide circular No. 45/IRDA/F&A/Nov.-07 dated 22.11.2007.
Therefore, the requirement of filing of Quarterly Financial Statements as prescribed vide circular No. 45/IRDA/F&A/Nov.-07 dated 22.11.2007 is dispensed with from the FY 2010-11.
Kindly acknowledge the receipt.
Sd/-
(R. K. Nair)
Member (F&I)
