Submission of Reinsurance Returns – IRDAI dispenses 8 Returns

Insurance Regulatory and Development Authority of India

Circular Ref: IRDAI/REIN/CIR/RT/1/1/2023 Dated: 3rd January,2023

To,
The CEOs of Life Insurers

Sub: Submission of Reinsurance Returns

This has reference to the circular on submission of Reinsurance Returns and Programme vide ref no. IRDA/RI/CIR/MISC/01 1/01/2019 dated 15^th January,2019. On comprehensively examining the extant returns being submitted, the following returns are hereby dispensed with immediate effect.

1. Form 1.1: Summary of reinsurance treaties, submitted on yearly basis.

2. Form LR-2: Particulars of Surplus Treaty, submitted on yearly basis.

3. Form LR-4: Particulars of Quota Share Treaty, submitted on yearly basis.

4. Form LR-6: Particulars of Excess of Loss cover/Catastrophe Treaty, submitted on yearly basis.

5. Form LR-9: Data Uploading Format for Reinsurance Rate data, submitted on yearly basis.

6. Statement 1: Statement of Reinsurance Statistics, submitted on quarterly basis.

7. Statement 2: Reinsurance Details- Inforce, submitted on yearly basis.

8. Statement 3: Reinsurance Details- Withdrawn, submitted on yearly basis. Life insurers are advised to continue filing the remaining returns in the existing formats to reinsurance department till further instructions.

(A Ramana Rao)

Chief General Manager – Reinsurance