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After receipt of applications in prescribed forms from existing Surveyor and Loss Assessors in response to our advertisement, and based on the information contained in the applications received, a Surveyor and Loss Assessors Committee for existing surveyors was appointed by the IRDA under the Chairmanship of Mr. S.K.Dasgupta, retired Chief judge. The Committee comprising of representatives from the surveyor’s fraternity, insurers, policyholders and IRDA that went into the details of the categorization process recommended a point based system for categorization. The parameters taken into consideration by the Committee were in relation to academic qualifications, Insurance Institute of India and Institute of Surveyors and Loss Assessors qualifications, training, highest assessment in professional career, number of surveys in the last three years and quantum of loss assessed. IRDA in consideration of the recommendations of the Committee approved the categorization process and directed the Committee to recommend the financial limits to be applied across the board for each category.
Approximate Word count = 623
Approximate Pages = 2.5
(250 words per page double spaced)
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