Circular No. IRDA/CAGTS/CIR/LCE/127/08/2010, dated 10-8-2010

In order to facilitate smooth transition of eligible entities from existing referral arrangements to Corporate Agency system for complying with the IRDA (Sharing of data base for distribution of insurance product) Regulations, 2010, it has been decided by the Authority to waive CIE qualification requirement for a period of two months effective from 12.08.2010 to 11.10.2010.

All firms seeking transition from referral arrangement to Corporate Agency are advised to comply with the provisions of IRDA (Licensing of Corporate Agents) Regulations, 2002 and relevant circulars issued in this regard without any delay. This relaxation is applicable to only those entities which have referral agreements approved by IRDA at present and have applied for corporate agency license.

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