{"id":214900,"date":"2019-05-21T16:30:37","date_gmt":"2019-05-21T11:00:37","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=214900"},"modified":"2019-05-21T11:49:49","modified_gmt":"2019-05-21T06:19:49","slug":"insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/","title":{"rendered":"Insurance Regulatory and Development Authority of India (Appointed Actuary) (Amendment) Regulations, 2019"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>F. No. IRDA\/Reg\/5\/156\/2019.\u2014<\/strong>In exercise of the powers conferred by clause (zd) of subsection (2) of Section 114 A of Insurance Act, 1938 (4 of 1938) and Sections 14 and 26 of the Insurance Regulatory and Development Authority Act, 1999, the Authority, in consultation with the Insurance Advisory Committee, hereby makes the following amendment to the IRDAI (Appointed Actuary) Regulations, 2017, namely: &#8211;<\/p>\n<p style=\"text-align: justify;\">1. <strong>Short title and commencement<\/strong><\/p>\n<p style=\"text-align: justify;\">\u00a0 \u00a0 a. These Regulations may be called the <strong><span style=\"color: #800080;\">Insurance Regulatory and Development Authority of India (Appointed Actuary) (Amendment) Regulations, 2019.<\/span><\/strong><\/p>\n<p style=\"text-align: justify;\">\u00a0 \u00a0b. They shall come into force on the date of their publication in the Official Gazette.<\/p>\n<p style=\"text-align: justify;\">2. <strong>In the IRDAI (Appointed Actuary) Regulations, 2017-<\/strong><\/p>\n<p style=\"text-align: justify;\">\u00a0 \u00a0 a. In Regulation 6-<\/p>\n<p style=\"text-align: justify;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 i) the following shall be inserted after sub-regulation 6(b), namely: &#8211;<\/p>\n<p style=\"text-align: justify;\">\u201c(c): For business continuance, the insurer may need exemption from Regulation 5 for a further period beyond one year. Upon request of the insurer and based on merits of the case, the Chairperson may grant extension for a further period not exceeding two years.<\/p>\n<hr \/>\n<p style=\"text-align: right;\"><strong>Insurance and Regulatory Development Authority of India<\/strong><\/p>\n<p><strong>[Notification dt. 15-05-2019]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>F. No. IRDA\/Reg\/5\/156\/2019.\u2014In exercise of the powers conferred by clause (zd) of subsection (2) of Section 114 A of Insurance Act, 1938 <\/p>\n","protected":false},"author":8808,"featured_media":213447,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[35559],"class_list":["post-214900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications","tag-insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Insurance Regulatory and Development Authority of India (Appointed Actuary) (Amendment) Regulations, 2019 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insurance Regulatory and Development Authority of India (Appointed Actuary) (Amendment) Regulations, 2019\" \/>\n<meta property=\"og:description\" content=\"F. No. IRDA\/Reg\/5\/156\/2019.\u2014In exercise of the powers conferred by clause (zd) of subsection (2) of Section 114 A of Insurance Act, 1938\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-21T11:00:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/04\/irdai.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/05\\\/21\\\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/05\\\/21\\\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\\\/\"},\"author\":{\"name\":\"Bhumika Indulia\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"headline\":\"Insurance Regulatory and Development Authority of India (Appointed Actuary) (Amendment) Regulations, 2019\",\"datePublished\":\"2019-05-21T11:00:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/05\\\/21\\\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\\\/\"},\"wordCount\":180,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/05\\\/21\\\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/irdai.jpg\",\"keywords\":[\"Insurance Regulatory and Development Authority of India (Appointed Actuary) (Amendment) Regulations 2019\"],\"articleSection\":[\"Legislation Updates\",\"Notifications\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/05\\\/21\\\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/05\\\/21\\\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\\\/\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/05\\\/21\\\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\\\/\",\"name\":\"Insurance Regulatory and Development Authority of India (Appointed Actuary) (Amendment) Regulations, 2019 | SCC Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/05\\\/21\\\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/05\\\/21\\\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/irdai.jpg\",\"datePublished\":\"2019-05-21T11:00:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/05\\\/21\\\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/05\\\/21\\\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/05\\\/21\\\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/irdai.jpg\",\"contentUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/irdai.jpg\",\"width\":1330,\"height\":887},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2019\\\/05\\\/21\\\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Insurance Regulatory and Development Authority of India (Appointed Actuary) (Amendment) Regulations, 2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/author\\\/editor_1\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Insurance Regulatory and Development Authority of India (Appointed Actuary) (Amendment) Regulations, 2019 | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/","og_locale":"en_US","og_type":"article","og_title":"Insurance Regulatory and Development Authority of India (Appointed Actuary) (Amendment) Regulations, 2019","og_description":"F. No. IRDA\/Reg\/5\/156\/2019.\u2014In exercise of the powers conferred by clause (zd) of subsection (2) of Section 114 A of Insurance Act, 1938","og_url":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2019-05-21T11:00:37+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/04\/irdai.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/#article","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/"},"author":{"name":"Bhumika Indulia","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"headline":"Insurance Regulatory and Development Authority of India (Appointed Actuary) (Amendment) Regulations, 2019","datePublished":"2019-05-21T11:00:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/"},"wordCount":180,"commentCount":0,"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/04\/irdai.jpg","keywords":["Insurance Regulatory and Development Authority of India (Appointed Actuary) (Amendment) Regulations 2019"],"articleSection":["Legislation Updates","Notifications"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/","url":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/","name":"Insurance Regulatory and Development Authority of India (Appointed Actuary) (Amendment) Regulations, 2019 | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/04\/irdai.jpg","datePublished":"2019-05-21T11:00:37+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/04\/irdai.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/04\/irdai.jpg","width":1330,"height":887},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/21\/insurance-regulatory-and-development-authority-of-india-appointed-actuary-amendment-regulations-2019\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Insurance Regulatory and Development Authority of India (Appointed Actuary) (Amendment) Regulations, 2019"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/04\/irdai.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/214900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=214900"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/214900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/213447"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=214900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=214900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=214900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}