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IRDAI allows auto-renewal of eligible CBRs by insurers

IRDAI allows auto-renewal of eligible CBRs by insurers

by AIP Online Bureau | Jan 3, 2023 | Indian News, Non-Life, Regulation, Reinsurance

To qualify for auto-renewal of a CBR, the insurer will ensure that credit rating of the CBR should not be less than ‘Standard & Poor’s A- or equivalent. The latest credit rating of the CBR should not be prior to 12 months from the date of application for...

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