Does anyone know the limits of financial loss on the basis of which the insurer decided the loss should be inspected by Category - A, B or C Surveyor?
Does anyone know the limits of financial loss on the basis of which the insurer decided the loss should be inspected by Category - A, B or C Surveyor?
The limits vary insurer to insurer. It all depends on the underwriting practice of the insurer.
The following limits are on United India Insurance website (old data), check might be useful for you.
Loss survey Limits for Categorized Surveyors
IRDA vide their circular no.026/IRDA/SUR/CIR/DEC-08 dated 22.12.2008 conveyed the decision of the Authority that the Insurers may with immediate effect have their own internal limits in allocation of survey/ loss assessment work to the three categories of surveyors. Consequent to this decision of IRDA it has been decided that the survey limits which are tabulated below for various departments of our company will be effective from 01-08-2009.
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