(a) the recommendations of the Bhandari Committee Report on Insurance Surveyors & Loss Assessors;
(b) the decision taken by the Government thereon;
(c) whether the Institute of Insurance Surveyors & Adjusters, an organization of independent surveyors, has represented against the implementation of the Bhandari Committee report and to confer the charter status to this Institute;
(d) if so, the details thereof; and
(e) the reaction of the Government thereto?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S.PALANIMANICKAM)
(a)The Bhandari Committee had recommended that a self-financing and self-regulated Institute may be promoted
by Insurance Regulatory and Development Authority (IRDA) for the Insurance Surveyors & Loss Assessors in
exercise of the powers vested under Section 14 of IRDA Act, 1999, assuming the role of a facilitator.
(b) The recommendations of the Bhandari Committee have been accepted by the Government.
(c) and (d) Yes, Sir.The Institute of Insurance Surveyors & Adjusters have asked for scrapping the
recommendations of the Bhandari`s Committee report.
(e) Having examined the representation of the Institute of Insurance Surveyors & Adjusters, it has been
decided not to interfere with the earlier decision of the government on the recommendations of the Bhandari
Committee.