annual report 2009-10 - IRDA

ANNUAL REPORT 2009-10FEE STRUCTURE FOR INSURERS AND VARIOUS INTERMEDIARIESANNEX 2Sl. No Insurer/ Intermediary Processing Registration Renewal Fee PeriodicityFee Fee at Renewal1 Insurer (Life / Non Life / - ` 50,000 1/10 th of 1% of Gross Direct Premium Every year (byReinsurer) written in India subject to a 31 st December)minimum of ` 50,000 and Maximumof ` 5 crore2 Third Party Administrator `20,000 `30,000 `30,000 3 years3 Broker - Direct - `20,000 `1000 as the renewal fee + 3 yearsan annual fee of 0.50% ofremuneration earned in thepreceding financial year subjectto a minimum of `25,000 andMaximum of `1,00,000.Broker - Reinsurance - `25,000 `1,000 as renewal fee + 3 yearsannual fee of 0.50% of remunerationearned in the preceding financial yearsubject to a minimum of `75,000and maximum of `3,00,000Broker - Composite - `40,000 `1,000 as the renewal fee + Annual 3 yearsfee of 0.50% of remuneration earnedin the preceding financial yearsubject to minimum of `1,25,000and Maximum of `5,00,000.4 Surveyors and Loss AssessorsIndividual-CategoryA - `10,000 `200 for every category 5 YearsB - ` 7,500C - ` 5,000Corporate-CategoryA - `25,000 `200 for every category 5 YearsB - `20,000C - `15,0005 Corporate Agents - `250 for `250 3 YearsCorporateInsuranceLicence and`500 for theCertificateto theSpecifiedPerson197