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On 30th January 2023, the Insurance Regulatory Development Authority of India (IRDAI) issued a Gazette Notification in regard to the Obligatory Cession for the Financial Year 2023-24.
The Insurance Regulatory Development Authority of India (IRDAI), on February 01, 2023, issued a notification regarding the Obligatory Cession for the financial year 2023-24. This is applicable to Indian Re-Insurers and other applicable insurers in accordance with the provisions of Section 101A of the Insurance Act, 1938.
IRDAI Notifies in Regard to the Obligatory Cession for the Financial Year 2023-24
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