Tuesday, February 15, 2011

IRDA RELAXES SOLVENCY NORMS

The solvency margin norms for general insurance companies offering health insurance schemes of the
Government have been relaxed by Insurance Regulatory and Development Authority (IRDA).
Acting on requests from the industry, the regulator would allow a maximum period of 180 days if the
solvency margin falls below the stipulated 1.50 per cent on account of delay of receivables from Central / State Government.

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