In exercise of the powers conferred by clause x and xa of sub section 2 of Section 114A read with Sections 42D, 42E and 64UM of the Insurance Act,

REGD. No. D. L.-33004/99 The Gazette of India CG-TL-E-31072026-274981 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 478] NEW DELHI, THURSDAY, JULY 30, 2026/SHRAVAN 8, 1948 INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 30th July, 2026 Insurance Regulatory and Development Authority of India (Insurance Surveyor and Loss Assessors) (Amendment) Regulations, 2026 F. No. IRDAI/Reg/7/221/2026.— In exercise of the powers conferred by clause (x) and (xa) of sub-section 2 of Section 114A read with Sections 42D, 42E and 64UM of the Insurance Act, 1938 (4 of 1938), and Sections 14 and 26 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), as amended from time to time, the Authority in consultation with the Insurance Advisory Committee, hereby makes the following amendments to Insurance Regulatory and Development Authority of India (Insurance Surveyors and Loss Assessors) Regulations, 2015, namely; - 1. Short Title and Commencement of the Regulations: (1) These Regulations may be called the Insurance Regulatory and Development Authority of India (Insurance Surveyors and Loss Assessors) (Amendment) Regulations, 2026. (2) These Regulations shall come into force on the date of their publication in the official Gazette. 2. Objective: The objective of these Regulations is to align the regulatory framework governing Insurance Surveyors and Loss Assessors with the provisions of the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Act, 2025.and to increase operational efficiency. 3. In the Insurance Regulatory and Development Authority of India (Insurance Surveyors and Loss Assessors) Regulations, 2015: (1) The words "license" or "licence” or “licensing" shall be substituted with the word "registration" except where expressly specified in these Regulations. (2) The word "licensed" shall be substituted with the word "licensed/registered". 4. In Regulation 2 (1) In Sub-Regulation (2), the phrase "renewal thereof “shall be substituted with the phrase "conversion of the licence into registration". (2) Sub-Regulation (13) shall be substituted, namely:- "Surveyor and Loss Assessor", in short SLA, means a person who is licensed/registered by the Authority to act as Surveyor and Loss Assessor.” 5. In Regulation 3 (1) In Sub-regulation (9), after the words "grant of registration", the words "and has paid the annual fee specified in Regulation 5(b)" shall be inserted. (2) Sub-regulation (10) shall be substituted, namely:- "The registration granted shall remain in-force subject to the payment of specified annual fee until surrendered by the individual surveyor or suspended or cancelled by the Authority." 6. In Regulation 4 (1) In Sub-regulation (13), after the words "grant of registration", the words "and has paid the annual fee specified in Regulation 5(b)" shall be inserted. (2) Sub-regulation (14) shall be substituted, namely:- "The registration granted shall remain in-force subject to the payment of specified annual fee until surrendered by the corporate surveyor or suspended or cancelled by the Authority." 7. Regulation 5 shall be substituted, namely:- "Fee Structure: a. Processing Fee: The non-refundable processing fee payable is given below: +--------------------------+----------------------------+ | | Processing Fee | +==========================+============================+ | Individual registration | Rs. 5000 + applicable taxes| +--------------------------+----------------------------+ | Corporate registration | Rs. 25000 + applicable taxes| +--------------------------+----------------------------+ b. Annual Fee: The annual fee payable through the payment mode as specified by the Authority before grant of registration and every year thereafter, is given below: +--------------------------+----------------------------+ | | Annual Fee | +==========================+============================+ | Individual registration | Rs. 1000 + applicable taxes| +--------------------------+----------------------------+ | Corporate registration | Rs. 5000 + applicable taxes| +--------------------------+----------------------------+ 8. In Regulation 6 (1) The heading shall be substituted with "Procedure for issuance of certificate of registration to the existing surveyor and loss assessors (SLA) holding a license" (2) Sub-regulation (1) shall be substituted, namely:- "Any license issued before the date of notification of these Regulations shall remain valid till the date of expiry as mentioned on such license. Provided that a license holder who has already applied to the Authority for renewal of his license before the date of notification of these Regulations, such application shall be treated as an application for conversion of the license into registration. The Authority on being satisfied that the applicant is eligible for such conversion and has paid the annual fee specified in Regulation 5(b), shall grant the registration in Form IRDAI – 2 – LF or Form IRDAI – 4 – LF, as the case may be, as specified in Schedule II of these Regulations. Provided further that after the date of notification of these Regulations, the holder of a valid license shall make an online application to the Authority along with the processing fee as specified in Regulation 5(a), within 90 days before the date of expiry of that license. Such application shall be treated as an application for conversion of his license into registration. Upon satisfying the specified criteria for such conversion and has paid the annual fee specified in Regulation 5(b), the Authority shall grant the registration in Form IRDAI – 2 LF or Form IRDAI – 4 – LF, as the case may be, as specified in Schedule II of these Regulations. Provided further that if a license holder fails to approach the Authority before the expiry of his license, then his license shall cease to remain in force. In such cases, the Authority may, if satisfied that undue hardship would be caused otherwise, accept an application for conversion of license into registration, submitted within 6 months after the date of expiry of such license along with an additional late fee of seven hundred and fifty rupees plus applicable taxes. The Authority, upon satisfying itself that the applicant meets the specified eligibility criteria and has paid the annual fee as specified in Regulation 5(b), shall grant the registration in Form IRDAI – 2 – LF or Form IRDAI – 4 – LF, as the case may be, as specified in Schedule II of these Regulations. Provided further that if a license holder fails to approach the Authority as per third proviso above, the license shall cease to exist. To obtain a new registration to act as SLA, an individual may apply under Regulation 3 after enrolling afresh under Regulation 17 and complying with the requirements thereunder. Similarly, a corporate surveyor, in this case, shall apply directly for a new registration under Regulation 4." (3) Sub-regulation (2) shall be omitted. (4) In Sub-regulation (3), (4) and (5), the words “renewal”, "renewal of license" and "renew" shall be substituted with "conversion”, “conversion of license" and "convert" respectively. (5) In Sub-regulation (5), the words "FORM – IRDAI – 7 – LF” and “FORM – IRDAI – 8- LF" shall be substituted with the words “FORM – IRDAI – 2 – LF” and “FORM – IRDAI – 4 – LF" respectively. (6) Sub-regulation (6) shall be substituted, namely:- "The license so converted into a registration shall remain in-force subject to the payment of specified annual fee until surrendered by the SLA or suspended or cancelled by the Authority." 9. In Regulation 8 (1) The heading shall be substituted with “Procedure where conversion of license into registration in terms of Regulation 6, is refused" (2) In Sub-regulation (1), the words "application for renewal of license" shall be substituted with “conversion of license into registration". (3) In Sub-regulation (2), the words "of license" shall be omitted. (4) In Sub-regulation (4), the words "license renewal" shall be substituted with "license conversion". 10. Regulation 9 shall be substituted, namely:- "Procedure for payment of annual fee by registered Surveyor and Loss Assessors and related matters: (1) Every registered Surveyor and Loss Assessor (SLA) shall pay an annual fee as specified under Regulation 5(b), for every financial year, between 1st January and 31st January of the preceding financial year, along with the following documents to the Authority: i. Form 11 and Form 12 for the preceding financial year ii. Audit report and financial statement of preceding financial year (for corporate surveyor only) iii. Duly filled Fit and proper format iv. Any other document as may be specified by the Authority. Provided that applicants granted a registration under Regulation 3 or Regulation 4 or Regulation 6 during the period from 1st January to 31st March of any financial year, shall pay the annual fee for the immediately succeeding financial year in addition to the annual fee payable at the time of grant of registration for the ongoing financial year. (2) Any wrong particulars or false document/declaration furnished at the time of payment of annual fee may lead to regulatory action (penalty/suspension/cancellation, etc.). (3) An SLA who fails to pay the annual fee within the time period specified in sub-Regulation (1) above may pay the same till 31st March of that financial year, along with an additional fee of seven hundred and fifty rupees plus applicable taxes and documents specified in sub-Regulation (1) above. A registration shall stand suspended under Section 42D(6)(v) of the Act with effect from 1st April in the event of failure to pay the annual fee by 31st March. An SLA whose registration stands suspended shall not accept new survey assignments or continue surveys on pending assignments or issue a survey report from the date of automatic suspension. Suspension of such registration may be revoked within three months from the date of such suspension upon payment of an additional fee of one thousand and five hundred rupees plus applicable taxes along with the annual fee as specified under Regulation 5(b) and documents specified in sub-Regulation (1) above, failing which the registration shall stand cancelled under Section 42D(6)(v). Such suspension/cancellation of registration shall not require the Authority to follow the procedures specified under Regulations 23 and 24. 11. In Regulation 15, (1) Clause (b) of Sub-regulation (1) shall be omitted. (2) In Sub-regulation (3), after the words “consider such an application and", the words "call for comments of the Institute. After reviewing the application and the comments received from the Institute, the Authority shall" shall be inserted. 12. In Regulation 19 (1) In Clause (c) of Sub-regulation (1), the words “license number and period of validity" shall be substituted with "license number with its expiry date OR registration number, as the case may be". (2) In Sub-regulation (2), the word "license" shall be substituted with "license/registration”. 13. In Regulation 23 (1) The heading shall be substituted, namely:- "Suspension of license/registration for reasons other than non-payment of annual fee". (2) In Sub-regulations (1) to (5), the word “license” shall be substituted with “license/registration". (3) In Clause (c) of Sub-regulation (1), the word "thereof" shall be substituted with the words "of license". (4) In Clause (c) of Sub-regulation (1), the words “issue or renewal of such license” shall be substituted with the words "date of registration". 14. In Regulation 24 (1) In Sub-regulations (1) and (2), the word "license" shall be substituted with “license/registration”. (2) Sub-regulation (3) shall be substituted, namely:- “A surveyor whose license/registration has been cancelled for any reason, except where cancellation is under sub-Regulation (3) of Regulation 9, may submit an application for issuance of new registration, after the expiry of one year from the date of such cancellation. An individual surveyor shall apply under Regulation 3 after enrolling afresh under Regulation 17 and complying with the requirements thereunder. Similarly, a corporate surveyor, in this case, shall apply directly under Regulation 4. Provided that if the registration is cancelled under Regulation 9, the requirement of one year waiting period shall not apply. However, the procedure specified above to apply for new registration for both individual and corporate surveyors shall remain the same." 15. In Regulation 25 In the heading and in Sub-regulations (1) to (5), the word "license" or "licence" shall be substituted with "license/registration". 16. In Regulation 25A In the heading and in Sub-regulations (1) to (5), the word "license" shall be substituted with "license/registration". 17. In Regulation 28, the words "and renewal" shall be omitted. 18. In Schedule II, FORM – IRDAI – 2 – LF shall be substituted, namely:- INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015 FORM - IRDAI - 2 - LF Certificate of Registration Photo Registration No.: Mr./Mrs./ Miss: In exercise of the powers conferred by Sub-section (1) of Section 42D of the Insurance Act, 1938 (4 of 1938), the Authority hereby grants a Certificate of Registration to the person specified above to act as Surveyor and Loss Assessor (Individual) under Section 64UM of the Insurance Act, 1938 (4 of 1938), subject to conditions specified in the Act and the Regulations made thereunder. This Certificate of Registration shall remain in force subject to payment of annual fee until it is suspended or cancelled by the Authority. is allocated following departments: +-----------+-------------+------------+-------------+-------+---------------+---------------+---------+ | Fire | Marine Cargo| Marine Hull| Engineering | Motor | Miscellaneous | Loss of Profit| Crop | +===========+=============+============+=============+=======+===============+===============+=========+ | Yes/NIL | Yes/NIL | Yes/NIL | Yes/NIL | Yes/NIL | Yes/NIL | Yes/NIL | Yes/NIL | +-----------+-------------+------------+-------------+-------+---------------+---------------+---------+ Membership Number of IIISLA: (Signature of SLA) Place: Hyderabad Date: By Order For and on behalf of Insurance Regulatory and Development Authority of India 19. In Schedule II, FORM – IRDAI – 4 – LF shall be substituted, namely:- INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015 FORM - IRDAI – 4 – LF Certificate of Registration Registration No.: Name of the Company/Firm: In exercise of the powers conferred by Sub-section (1) of Section 42D of the Insurance Act, 1938 (4 of 1938), the Authority hereby grants a Certificate of Registration to the entity specified above to act as Surveyor and Loss Assessor (Corporate) under Section 64UM of the Insurance Act, 1938 (4 of 1938), subject to conditions specified in the Act and the Regulations made thereunder. This Certificate of Registration shall remain in force subject to payment of annual fee until it is suspended or cancelled by the Authority. Following are the details of Directors / Partners along with individual registration/license no. and departments: +------+----------------+------+-------------+------------+-------------+-------+---------------+------+-----+ | Name | Registration No.| Fire | Marine Cargo| Marine Hull| Engineering | Motor | Miscellaneous | Crop | LOP | +======+================+======+=============+============+=============+=======+===============+======+=====+ | | | | | | | | | | | +------+----------------+------+-------------+------------+-------------+-------+---------------+------+-----+ Place: Hyderabad Date: By Order For and on behalf of Insurance Regulatory and Development Authority of India +--------------------------+--------------------------+--------------------------+ | Photo Director/Partner 1 | Photo Director/Partner 2 | Photo Director/Partner 3 | +==========================+==========================+==========================+ | Name | Name | Name | +--------------------------+--------------------------+--------------------------+ | Licence/Registration No. | Licence/Registration No. | Licence/Registration No. | +--------------------------+--------------------------+--------------------------+ | Signature | Signature | Signature | +--------------------------+--------------------------+--------------------------+ 20. In Schedule II, FORM – IRDAI –7 – LF, FORM – IRDAI –8 – LF and FORM – IRDAI –10 – LF shall be omitted. G. R. SURYA KUMAR, Executive Director [ADVT.-III/4/Exty./247/2026-27]