The above guidelines are revised herewith in order to make it aligned with the amendments in the Insurance Act 1938, and the regulatory prescriptions made by the Authority with respect to Registration of Branch Office of Lloyds and other Foreign Reinsurers. The revision is being made in order to streamline the regulatory process with respect to cross border reinsurers.

These guidelines as attached are issued by the Insurance Regulatory and Development Authority (IRDA) under the powers granted to it under Section 14 of IRDA Act, 1999.

The revised guidelines shall be effective for all reinsurance business transactions commencing/ effective from 1^st April 2016.

Filing of the Cross Border Reinsurer Information sheet for RI programme 2016-17, in the online portal, shall commence from 01.02.2016.

Suresh Mathur

Sr. Joint Director (NL)

Please download the attachments.