Discussions

Hello Members,
I’m looking to gain a deeper understanding of professional regulatory processes in India, specifically regarding the Insurance Surveyors and Loss Assessors licence and investment advisor registration with SEBI. Below are some common questions and answers to help clarify the requirements and procedures.

Q1: What is an Insurance Surveyors and Loss Assessors Licence?
A: It is a license issued to professionals who assess insurance claims and investigate losses on behalf of insurance companies. Licensed surveyors and assessors provide expert evaluation of damages and ensure claims are settled accurately and fairly.

Q2: Who is eligible to apply for this licence?
A: Applicants must meet specific qualifications set by the Insurance Regulatory Authority, have relevant professional experience, and comply with statutory requirements. The licensing authority may also require background checks and verification of credentials.

Q3: What is the process to obtain an Insurance Surveyors and Loss Assessors Licence?
A: The process generally includes:
Submission of a formal application with supporting documents.

Verification of qualifications and professional experience.

Payment of applicable fees.

Approval by the regulatory authority after due diligence.

Q4: What are the key responsibilities of a licensed insurance surveyor and loss assessor?
A: Their main responsibilities include:
Conducting loss assessments for insured events

Preparing detailed reports for insurers

Ensuring compliance with insurance regulations

Advising insurers on claim settlements

Q5: How does Investment Advisor Registration with SEBI relate to professional compliance?
A: While distinct from insurance surveying, investment advisor registration with SEBI is another example of regulatory oversight for financial professionals in India. Like licensed surveyors, SEBI-registered advisors must meet qualification criteria, adhere to compliance norms, and provide transparent reporting to clients.

Q6: Why is professional licensing important?
A: Licensing ensures that professionals are competent, accountable, and legally recognized. Whether in insurance claims or investment advisory, proper licensing protects clients and maintains industry standards.