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[Cites 0, Cited by 4] [Section 64UM] [Entire Act]

Union of India - Subsection

Section 64UM(1) in The Insurance Act, 1938

(1)Save as otherwise provided in this section, no person shall act as a surveyor or loss assessor in respect of general insurance business after the expiry of a period of one year from the commencement of the Insurance Laws (Amendment) Act, 2015, unless he--
(a)possesses such academic qualifications as may be specified by the regulations made under this Act; and
(b)is a member of a professional body of surveyors and loss assessors, namely, the Indian Institute of Insurance Surveyors and Loss Assessors:
Provided that in the case of a firm or company, all the partners or directors or other persons, who may be called upon to make a survey or assess a loss reported, as the case may be, shall fulfill the requirements of clauses (a) and (b).