IRDAI extends timeline for Insurers for making Public Disclosures on the Company websites

IRDAI issued Circular dated 4th June 2020 extending the timeline for Insurers to make Public Disclosures on financial and other matters (Balance Sheet, Profit & Loss Account, Revenue Account and Key Analytical Ratios) on the Organisation’s website for Quarter ending March 2020 as required by previously issued Circular No. IRDA/F&I/CIR/F&A/012/01/2010 titled “Public Disclosures by Insurers” (attached). It is clarified that the time limit for ensuring quarterly compliance with the Circular No. IRDA/F&I/CIR/F&A/012/01/2010 regarding Public Disclosures on websites by Insurers for the period ending 31st March 2020 has been extended by 30 days.

 

Source: Insurance Regulatory and Development Authority of India

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