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General

Who Is a Surveyor? A Deep Dive into Their Role and the Regulatory Framework for Obtaining a License

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Summary

Surveyors and loss assessors play a crucial role in the insurance industry, ensuring thorough investigations, precise damage evaluations, and adherence to IRDAI regulations. They follow rigorous licensing, renewal, and modification procedures to maintain high standards and impartiality. This structured regulatory process safeguards both insurers and insured, bolstering industry trust and operational efficiency.

Key Takeaways

  • Ensures accurate claims assessment through detailed investigations.
  • Operates under strict IRDAI regulatory framework.
  • Requires rigorous licensing and periodic renewals.
  • Maintains industry integrity and trust.

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