Circular on submission of Reinsurance Returns (dated-03.01.2023)-IRDAI.

  • 04th, January 2023
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Circular on submission of Reinsurance Returns (dated-03.01.2023)-IRDAI.

  • This has reference to the circular on submission of Reinsurance Returns and Programme vide ref no. IRDA/RI/CIR/MISC/011/01/2019 dated 15th January, 2019. On comprehensively examining the extant returns being submitted, the following returns are hereby dispensed with immediate effect.
  • Form 1.1: Summary of reinsurance treaties, submitted on yearly basis.
  • Form LR-2: Particulars of Surplus Treaty, submitted on yearly basis.
  • Form LR-4: Particulars of Quota Share Treaty, submitted on yearly basis.
  • Form LR-6: Particulars of Excess of Loss cover/Catastrophe Treaty, submitted on yearly basis.
  • Form LR-9: Data Uploading Format for Reinsurance Rate data, submitted on yearly basis.
  • Statement 1: Statement of Reinsurance Statistics, submitted on quarterly basis.
  • Statement 2: Reinsurance Details- Inforce, submitted on yearly basis.
  • Statement 3: Reinsurance Details- Withdrawn, submitted on yearly basis.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.
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