Regulation for Third Party
Administrators - Health Services
Chapter I
1.
Short title &
commencement
2.
Definitions
Chapter II
- Third Party Administrator
Chapter III
- Revocation or
cancellation of a Licence
Chapter IV
- Code of Conduct for TPA
Chapter V
-
Maintenance and Confidentiality of Information
Chapter VI
- Miscellaneous Provisions
Chapter VII
- General
In
exercise of the powers conferred by sections 14 and 26 of the
Insurance Regulatory and Development Authority Act, 1999 (41 of
1999) read with section 114A of the Insurance Act, 1938 (4 of 1938),
the Authority, in consultation with the Insurance Advisory Committee
hereby makes the following regulations, namely-
CHAPTER
I
1.
Short title and commencement
(1)
These regulations may be called the Insurance Regulatory and
Development Authority (Third Party Administrators - Health Services)
Regulations, 2001.
(2)
They shall come into force from the date of their publication in the
Official Gazette.
2.
Definitions
In
these regulations, under the context otherwise requires,--
(a)
"Act" means the Insurance Act, 1938 (4 of 1938);
(b)
"Agreement" means an agreement entered into between
a TPA and an insurance company registered under
section 3 of the
Act, prescribing the terms and conditions of health services, which
may be rendered to and/or
received by each of the parties thereto;
(c)
"Authority" means the Insurance Regulatory and
Development Authority established under sub-section (1) of
section 3
of the Insurance Regulatory and Development Authority Act, 1999 (41
of 1999);
(d)
"Health Services" means all the services to be
rendered by a TPA under an agreement with an insurance company
in
connection with "health insurance business" or `health cover' as defined in regulation 2(f) of the IRDA
(Registration of Indian Insurance Companies) Regulations, 2000, but
does not include the business of an
insurance company or the
soliciting, directly or through an insurance intermediary including
an insurance agent, of
insurance business;
(e)
"TPA" means a Third Party Administrator who, for
the time being, is licensed by the Authority, and is engaged, for
a
fee or remuneration, by whatever name called as may be specified in
the agreement with an insurance company,
for the provision of health
services;
(f)
All words and expressions used herein but not defined in
these regulations but defined in the Act, or the Insurance
Regulatory and Development Authority Act, 1999 (41 of 1999), shall
have the meanings respectively assigned to
them in those Acts.
CHAPTER II
THIRD
PARTY ADMINISTRATOR
3.
Conditions of and procedure for licensing of TPA
(1)
Only a company with a share capital and registered under the
Companies Act, 1956 can function as a TPA.
(2)
The main or primary object of the company shall be to carry on
business in India as a TPA in the health services, and on being
licensed by the Authority, the company shall not engage itself in
any other business.
(3)
The minimum paid-up capital of the company shall be in equity shares
amounting to Rs.1 crore (Rupees one crore only).
(4)
At no point of time of its functioning the TPA shall have a working
capital of less than Rs. 1 crore.
(5)
At least one of the directors of the TPA shall be a qualified
medical doctor registered with the Medical Council of India.
(6)
The aggregate holdings of equity shares by a foreign company shall
not at any time exceed twenty-six per cent of the paid-up equity
capital of a third party administrator.
(7)
Any transfer of shares exceeding 5% of the paid-up share capital
shall be intimated by the TPA to the Authority within 15 days of the
transfer indicating the names and particulars of the transferor and
transferee.
Explanation :
For the purpose of this sub-regulation "working capital"
means the difference between the aggregate of the current assets and
current liabilities as on the date of reckoning.
4.
(1) The TPA shall obtain from the Authority a licence to function as
a TPA for rendering health services.
(2)
The application for licence shall be made in writing to the
Authority in Form TPA-1 appended to these regulations and shall be
accompanied by a non-refundable processing fee of Rs. 20,000 (Rupees
twenty thousand only) to the Authority by way of crossed demand
draft in favour of the Authority payable in Delhi.
(3)
The Authority may, in the course of examination of the application,
call for such information or ask for production of such documents,
as it may deem fit, and it shall be incumbent upon the applicant to
furnish the same within the specified time.
(4)
The Authority, on examination of the application and details
furnished by the applicant, may issue a licence, if it is satisfied
that the applicant TPA is eligible to function as a TPA.
(5)
Every TPA approved by the Authority shall pay a further sum of Rs.
30,000 (Rupees thirty thousand only) to the Authority as licence fee
before the licence is granted to it and the same shall be paid to
the Authority in the manner as stated in sub-regulation (2) of this
regulation.
(6)
A TPA whose application has been rejected by the Authority shall
not, for a period of two years from the date of such a rejection,
apply once again to the Authority for a licence.
5.
A copy of the agreement entered into between the TPA and the
insurance company or any modification thereof, shall be filed,
within 15 days of its execution or modification, as the case may be,
with the Authority.
6.
More than one TPA may be engaged by an insurance company and,
similarly, a TPA can serve more than one insurance company.
7.
The parties to the agreement shall agree between themselves on the
scope of the contract and the facilities that have to be provided.
Such an agreement shall also prescribe the remuneration that
may be payable to the TPA by the insurance company.
8.
(1) Every TPA shall appoint, with due intimation to the Authority,
from among its directors or senior employees, a Chief Administrative
Officer (CAO) or Chief Executive Officer (CEO), who shall be
responsible for the proper day to day administration of the
activities of the TPA.
(2)
Such a CAO or CEO shall possess the educational qualifications
mentioned in sub-regulation (4) of this regulation and also undergo
a specified period of training with any institution recognised by
the Authority.
(3)
He shall not be,--
(i) a person of unsound mind;
(ii) an undischarged insolvent;
(iii) a person who had been subjected to a term of imprisonment for a
period of three months by a court of
competent jurisdiction on
grounds of misconduct, misfeasance, forgery, etc.
(4)
The qualifications referred to in sub-regulation (2) are:
(1)
A degree in arts, science or commerce or management or health
or hospital administration or medicine, and
(2)
A pass in the Associateship examination conducted by the
Insurance Institute of India or such equivalent
examination as may
be recognised by the Authority and notified from time to time,
(3)
Completion of practical training, as may be specified by the
Authority, not exceeding one hundred hours with an
institution
recognised by the Authority, for these purposes, from time to time,
(4)
The Authority may grant, on an application made to it, by the
CAO or CEO through the TPA, time not
exceeding twenty four months
from the date of the coming into force of these regulations for
fulfilling the
qualification, requirements as stated in sub-clauses
(2) and (3) of this sub-regulation.
9.
(1) Every application received by the Authority pursuant to these
regulations shall be considered by it within a reasonable time and
its decision thereon communicated to the applicant.
(2)
On an examination of the material placed before it and on the basis
of enquiries made by it, where the Authority is of the opinion that
the application does not deserve acceptance, it shall communicate
its opinion to the applicant, who shall be given a reasonable
opportunity to represent against the proposed rejection of the
application.
(3)
Where on a complete examination of the materials, documents,
information, etc., available to it, the Authority finally comes to
the conclusion that an application be rejected, it shall do so by
making an order in writing, which shall be communicated to the
applicant at the earliest.
(4)
Where the Authority decides to issue a licence to the applicant to
act as TPA, it shall issue the same in Form TPA-2.
10.
Every licence granted by the Authority to a TPA or any renewal
thereof, in terms of these regulations, shall remain in force for
three years, unless the Authority decides, either to revoke or
cancel it earlier, as provided in these regulations.
11.
(1) A licence granted to
a TPA may be renewed for a further period of three years on
submission of the prescribed renewal application in Form TPA-3 along
with a renewal fee of Rs. 30,000 (Rupees thirty thousand only), at
least thirty days prior to the date of expiry of the licence.
(2)
Any failure on the part of the TPA to get its licence renewed before
its expiry has to be explained to the Authority.
A delayed application shall state the reasons for the delay
and be accompanied by a late fee of Rs. 100 (Rupees one hundred
only).
(3)
The Authority after examining the reasons given in the application
by the TPA may renew the licence, if it is satisfied that the TPA
was prevented by sufficient cause from applying for the renewal of
its licence at least 30 days (thirty days) before the date on which
the licence ceased to remain in force.
(4)
The Authority may, if it is satisfied that undue hardship would be
caused otherwise, accept any application after the licence ceased to
remain in force, on payment by the applicant of a payment of Rs. 750
(Rupees seven hundred fifty only).
12.
Where a licence granted by the Authority is lost or mutilated, the
Authority may issue a duplicate licence on payment of a fee of Rs.
1,000 (Rupees one thousand only) accompanied by an application in
writing made by the TPA.
CHAPTER III
REVOCATION
OR CANCELLATION OF A LICENCE
13.
A licence granted to a TPA may after due notice be revoked or
cancelled by the Authority for one or more of the reasons as
provided in regulation 14.
14.
The Authority may initiate action under regulation 13 for any of the
following reasons:
(1)
The Authority, on the basis of information received by it, or on the
basis of its own enquiry or investigation, is of the opinion that
the TPA is functioning improperly and/or against the interests of
the insured/policyholder or insurance company.
(2)
The Authority, on the basis of information in its possession, is of
the opinion that the financial condition of the TPA has deteriorated
and that the TPA cannot function effectively or that the TPA has
committed a breach of sub-regulations (3), (4), (5) and (8) of these
regulations.
(3)
The Authority, after enquiry or upon information, is of the opinion
that the character and ownership of the TPA has changed
significantly since the grant of licence.
(4)
The Authority, finds that the licence or any renewal thereof granted
to the TPA was on the basis of fraud or misrepresentation of facts.
(5)
There is a breach on the part of the TPA in following the procedure
or acquiring the qualifications laid down by regulation 8 of these
regulations.
(6)
The TPA is subject to winding-up proceedings made under Companies
Act, 1956 or any statutory modification thereof.
(7)
There is a breach of code of conduct prescribed by regulation 21 of
these regulations.
(8)
There is violation of any directions issued by the Authority under
the Act or these regulations.
15.
Before proceeding under
regulation 13 to revoke or cancel a licence granted to TPA, the
Authority shall grant a reasonable opportunity of being heard to the
TPA.
16.
(1) Every order made by the Authority under regulation 13 shall be
in writing, stating clearly the reasons for the revocation or
cancellation of the licence and the order shall be served on the TPA
as soon as same is made.
(2)
The Authority shall also send copies thereof to the insurance
company with whom the TPA has subsisting agreement(s).
17.
The TPA on receipt of an order under regulation 13 shall forthwith
cease to carry on its functions as TPA in relation to the insurance
company and the insurance company shall immediately take such
alternative steps including appointment of another TPA, as may be
necessary to continue to cater to the insured/policyholders served
by the TPA whose licence has been revoked or cancelled.
18.
A TPA whose licence has
been revoked or cancelled in terms of these regulations may file a
review application with the Authority within 30 days of the receipt
of the order cancelling or revoking the licence.
19.
Within reasonable period of the receipt of the application for
review but not later than 90 days thereof, the Authority shall
dispose of the application after affording the applicant a
reasonable opportunity of being heard.
20.
Nothing contained in
these regulations may be deemed to prevent or prohibit an insurance
company in cancelling or modifying for good and sufficient reasons
an agreement that has been entered into by it with a TPA.
CHAPTER IV
CODE
OF CONDUCT FOR TPA
21.
(1) A TPA licensed under these regulations shall as far as possible
act in the best professional manner.
(2)
In particular and without prejudice to the generality of the
provisions contained above, it shall be the duty of every TPA, its
Chief Administrative Officer or Chief Executive Officer and its
employees or representatives to,--
(a)
establish its or his or their identity to the public and the
insured/ policyholder and that of the insurance company with which
it has entered into an agreement;
(b) disclose its licence to the insured/policyholder/prospect;
(c)
disclose the details of the services it is authorised to
render in respect of health insurance products under an agreement
with an insurance company;
(d)
bring to the notice of the insurance company with whom it has
an agreement, any adverse report or inconsistencies or any material
fact that is relevant for the insurance company's business;
(e)
obtain all the requisite documents pertaining to the
examination of an insurance claim arising out of insurance contract
concluded by the insurance company with the insured/policyholder;
(f)
render necessary assistance specified under the agreement and
advice to policyholders or claimants or beneficiaries in complying
with the requirements for settlement of claims with the insurance
company;
(g) conduct itself/himself in a courteous and professional
manner;
(h)
refrain from acting in a manner, which may influence directly
or indirectly insured/policyholder of a particular insurance company
to shift the insurance portfolio from the existing insurance company
to another insurance company;
(i) refrain from trading on information and the records of its
business;
(j)
maintain the confidentiality of the data collected by it in
the course of its agreement;
(k)
refrain from resorting to advertisements of its business or
the services carried out by it on behalf of a particular insurance
company, without the prior written approval by the insurance
company;
(l)
refrain from inducing an insured/policyholder to omit any
material information, or submit wrong information;
(m)
refrain from demanding or receiving a share of the proceeds
or indemnity from the claimant under an insurance contract;
(n)
follow the guidelines/directions that may be issued down by
the Authority from time to time.
CHAPTER V
MAINTENANCE
AND CONFIDENTIALITY OF INFORMATION
22.
(1) A TPA shall maintain proper records, documents, evidence and
books of all transactions carried out by it on behalf of an
insurance company in terms of its agreement.
These books and records shall be maintained by it in
accordance with accepted professional standards of record keeping
and for a period of not less than three years.
Such records, documents, evidence, books, etc., and the
information contained therein shall be available to the insurance
company and the Authority and access to them shall not be denied by
the TPA on any ground.
(2)
Every TPA shall, in maintaining the records in terms of
sub-regulation (1), follow strictly the professional confidentiality
between the parties as required, but this does not prevent the TPA
from parting with the relevant information to any Court of
Law/Tribunal, the Government, or the Authority in the case of any
investigation carried out or proposed to be carried out by the
Authority against the insurance company, TPA or any other person or
for any other reason.
(3)
If the licence granted to the TPA is either revoked or cancelled in
terms of these regulations, the data collected by the TPA and all
the books, records or documents, etc., relating to the business
carried on by it with regard to an insurance company, shall be
handed over to that insurance company by the TPA forthwith, complete
in all respects.
CHAPTER
VI
MISCELLANEOUS
PROVISIONS
23.
The Authority may, from time to time, constitute Committees
consisting of members drawn from various sources including the TPAs,
insurance companies, Authority, or any other persons as may be
decided by the Authority to look into the proper and efficient
performance of the TPAs.
24.
(1) Every TPA shall furnish to the insurance company and the
Authority an annual report and any other return, as may be, required
by the Authority on its activities.
(2)
The annual report, duly verified by a director of TPA and the Chief
Administrative Officer or the Chief Executive Officer shall be
submitted in Form TPA-4 (Nos. 1 to 7) within a period of sixty days
of the end of its financial year or within such extended time as the
Authority may grant.
(3)
The TPA shall also make available to the Authority for inspection,
copies of all contracts with insurance company.
CHAPTER VII
GENERAL
25.
(1) Any changes made from time to time in the agreement entered into
by an insurer and a TPA shall be filed with the Authority.
(2)
A TPA shall not charge any separate fees from the policyholders
which it serves under the terms of the agreement with the insurance
company.
(3)
If any person fails to furnish any document, statement, return,
etc., to the Authority, the same shall be construed as a
non-compliance of the Act.
Insurance
Regulatory and Development Authority (Third Party
Administrators - Health Services) Regulations, 2001
FORM
TPA-1
APPLICATION
FOR GRANT OF LICENCE
1.
Particulars of Applicant
1.
Name of the Applicant : ......................................
2.
Address - Registered Office of the Company : ...........
Pin
Code : ...........
Telephone No.:....
E-
mail : .............
Fax No. : ...............
2. Details
of the Applicant company
(a)
Date of incorporation as a company.
(b)
Registration No.
(c)
Capital Structure which is to include Authorised Share Capital,
Paid-up Capital, Distinctive Nos., number of shares issued and to
whom.
(d)
Extent of shareholding by foreign promoter, if any.
(e)
Certified copies of memorandum and AOA.
(f)
Name and activities of the promoters:
Name |
Address
with telephone No.,fax e-mail |
Qualifications |
Experience |
Present
occupation |
Remarks |
|
|
|
|
|
|
3. Details
of Directors : (Names and Addresses)
4. Details
of the CEO/CAO
(a)
Name :
(b)
Date and place of birth :
(c)
Address :
(d)
Passport/Identity Card
--
Number
--
Date and place of issue
--
Date of expiry
--
Issuing Authority
(e)
Employment details
(f)
Details of cademic Qualifications:
Name
of the Inst. |
Univ.
affiliation |
Reg.
No./ Degree particulars |
Programme
details |
Name
of course undergone |
Duration
of the course |
Year
of passing |
Marks
obtained
|
|
|
|
|
|
|
|
|
(g)
Details of Associateship examination conducted by Insurance
Institute of India passed:
Name
of the Inst. |
Registration
particulars |
Year
of passing
|
Marks
obtained |
Licentiateship
Certificate No. issued by Insu. Inst. of India
|
|
|
|
|
|
(h)
Details of practical training undergone in the field of Health
Administration:
Name
of the Inst. |
Registration
particulars |
Duration
of the training |
Year
of undergoing training |
Certificate
issued
|
|
|
|
|
|
5. Details
of medical person to whom the TPA has access to:
(a)
Name of the medical person
(b)
Address of the medical person
(c)
Medical Qualifications:
Name
of the course |
Name
of the Inst. |
Registration
particulars |
Duration
of the course |
Year
of passing |
Degree
Certificate No.
|
|
|
|
|
|
|
6. Schedule
of proposed fees and costs to be charged by the applicant company
for the various services offered (please furnish details).
7. Details
of fees paid to Insurance Regulatory and Development Authority:
Amount
: ......
D.D.
No.: ......
Favouring : ......
Dated
: ......
Drawn on :
......
8.
Declaration
I
hereby declare that,--
(a)
I am not a minor.
(b)
I have not been found to be of unsound mind by a court of competent
jurisdiction.
(c)
I have not been found guilty of criminal misappropriation or
criminal breach of trust or cheating or forgery or an abetment of or
attempt to commit any offence by a court of competent jurisdiction.
(d)
I have not been found guilty of or knowingly participated in or
connived at any fraud, dishonesty or misrepresentation against an
insured or an insurer.
(e)
I possess the requisite qualifications and practical training as
specified by Insurance Regulatory and Development Authority.
(f)
I have passed such examinations as specified by Insurance Regulatory
and Development Authority.
(g)
I have not violated the code of conduct specified by Insurance
Regulatory and Development Authority.
(h)
I warrant that I have truthfully and fully answered the questions
above and provided all the information which might reasonably be
considered relevant for the purposes of my licence.
(i)
I declare that the information supplied in the application form is
complete and correct.
For and on behalf of
(Signature of the person in-charge)
Seal of the Company
Place :
Date :
Insurance
Regulatory and Development Authority (Third Party
Administrators - Health Services) Regulations, 2001
FORM TPA-2
LICENCE
1.
In exercise of the powers conferred by ........ of the Insurancse
Act, 1938 (4 of 1938) the Authority hereby grants a licence to
............ to act as Third Party Administrator under that Act.
2.
Licence No. for the Third Party Administrator is ........
3.
This licence shall be valid from ........ to .........
4.
This licence is subject to the Insurance Regulatory and Development
Authority Act, 1999 (41 of 1999) and Insurance Regulatory and
Development Authority (Third Party Administration) Regulations,
2001.
Place :
Date :
For and on behalf of
Insurance Regulatory and Development Authority
Insurance
Regulatory and Development Authority (Third Party
Administrators - Health Services) Regulations, 2001
FORM TPA-3
APPLICATION
FOR RENEWAL OF LICNECE
1.
Name of Third Party Administrator : ............................
2.
Address - Registered Office of the Company : ..................
Pin
Code : ..........
Telephone
No.:.....
E-mail
: ...............
Fax
No. : ...........
3.
Details of renewal of the Third Party Administrator
(a)
TPA Licence No.
(b)
Date of licence
(c)
Date of expiry
(d)
Capital Structure which is to include Authorised Share Capital,
Paid-up capital, Distinctive Nos., number of shares issued and to
whom.
(e)
Extent of shareholding by foreign promoter, if any.
(f)
Name and activities of the promoters:
Name |
Address
with telephone No. fax e-mail |
Qualifications |
Experience |
Present
occupation |
Remarks |
|
|
|
|
|
|
4.
Details of directors : (Names and Addresses)
5.
Details of the CEO/CAO
(a)
Name :
(b)
Address :
(c)
Employment details :
(d)
Details of Qualifications :
Name
of the Inst. |
Univ.
affiliation |
Reg.
No./ Degree particulars |
Programme
details |
Name
of the course undergone |
Duration
of the course |
Year
of passing |
Marks
obtained |
|
|
|
|
|
|
|
|
(e)
Details of associateship examination conducted by Insurance
Institute of India passed:
Name
of the Inst. |
Registration
particulars |
Year
of passing |
Marks
obtained |
Licentiateship
Certificate No. issued by Insu. Inst. of India
|
|
|
|
|
|
(f)
Details of practical training undergone in the field of Health
Administration:
Name
of the Inst. |
Registration
particulars |
Duration
of the training |
Year
of undergoing training |
Certificate
issued |
|
|
|
|
|
6.
In case of late submission please mention reasons for delay:
7.
Details of medical person to whom the TPA has access to :
(a)
Name of the medical person
(b)
Address of the medical person
(c)
Medical Qualifications:
Name
of the course |
Name
of the Inst. |
Registration
particulars |
Duration
of the course |
Year
of passing |
Degree
Certificate No. |
|
|
|
|
|
|
8.
Schedule of proposed fees and costs to be charged by the applicant
company for the various services offered (please furnish details).
9.
Details of fees paid to Insurance Regulatory and Development
Authority
Amount
: ........
D.D.
No. : .......
Favouring :..........
Date
: ............
Drawn on
: ...........
10.
Declaration
I
hereby declare that--
(a) I am not a minor.
(b)
I have not been found to be of unsound mind by a court of
competent jurisdiction.
(c)
I have not been found guilty of criminal misappropriation or
criminal breach of trust or cheating or forgery or an abetment of or
attempt to commit any offence by a court of competent jurisdiction.
(d)
I have not been found guilty of or knowingly participated in
or connived at any fraud, dishonesty or misrepresentation against an
insured or an insurer.
(e)
I possess the requisite qualifications and practical training
as specified by Insurance Regulatory and Development Authority.
(f)
I have passed such examinations as specified by Insurance
Regulatory and Development Authority.
(g)
I have not violated the code of conduct specified by
Insurance Regulatory and Development Authority.
(h)
I warrant that we have truthfully and fully answered the
questions above and provided all the information which might
reasonably be considered relevant for the purposes of my licence.
(i)
I declare that the information supplied in the application
form is complete and correct.
For and on behalf of
(Signature of the person in-charge)
Seal of the Company
Place :
Date :
FORM TPA-4(1)
ANNUAL
REPORT BY THIRD PARTY ADMINISTRATOR - HEALTH SERVICES
Name of TPA
:
Address :
Tel. Nos.
:.......... Fax Nos :............
E-mail
Address :...................
Board of
Directors as on ........... and changes in the Board since the date
of statement of the preceding year:
Name
Age
Address
Other Directorships
Chief
Executive Officer :
Name
Age
Qualification
Address
Chief
Administrative Officer:
Name
Age
Qualifications
Address
Auditors -
Name and Address :
FORM TPA-4(2)
1.
Enumeration of TPA services provided :
2.
Current TPA agreement with insurers :
Name
of Insurer |
Date
of commencement of contract |
Nature of services provided |
Number
of claims processed during the preceding year
|
|
|
|
|
3.
Enumeration of standing arrangements with hospitals and with doctors
:
Name
of doctor/hospital |
Address |
Nature of arrangement |
Remuneration
(Revenue sharing/Per claim basis)
|
|
|
|
|
FORM TPA-4(3)
REVENUE
ACCOUNT FOR THE YEAR ENDING 31ST MARCH, ...............
Directors'
remuneration
Staff
expenses
(a)
Salaries, provident fund
(b)
Other benefits
Office
expenses
(a)
Rent, rates and taxes
(b)
Electricity, water
(c)
House-keeping and Cleaning
(d)
Others
Operating
Expenses
(a)
Travel
(b)
Entertainment
(c)
Lease rent of equipments
(d)
Post, telecommunication and similar expenses
(e)
Audit fees
(f)
Legal Expenses
(g)
Repairs and maintenance
(h)
Depreciation
(i)
Motor vehicle expenses
(j)
Others
Other
expenses (please specify)
Loss
on sale of investments or assets
Profit/Loss
for the year
Income
(a)
From insurers
(b)
From non-insurance users of services
(c)
From hospitals
(d)
From doctors
(e)
From others (please specify)
Investment
income
Profit
on sale of investment or assets
FORM TPA-4(4)
PROFIT
AND LOSS APPROPRIATION ACCOUNT FOR THE
YEAR ENDING 31ST MARCH, ............
Loss
brought forward
Loss
for the year
Dividend
for the year
Transfer
to reserves
Other
allocations from profits
Profit
carried
|
Profit brought
forward
Profit for the year
Transfer from reserves
Loss carried forward
|
FORM TPA-4(5)
BALANCE
SHEET AS AT 31ST MARCH, ........
Liabilities
Authorised
capital
Issued
capital
Paid-up
capital
Amounts
due to--
(a)
insurers
(b)
hospitals
(c)
doctors
(d)
others
Sundry
creditors
Reserves
|
Assets
Building properties Cost
Less : Depreciation
Net
Office equipments
Cost
Less : Depreciation
Net
Motor Vehicles
Cost
Less : Depreciation
Net
Investment
Government securities
(Market value ........)
Loans and debentures
(Market value .......)
Other investments
(Market value ........)
Receivables
(a) from insurers
(b) others
Cash & bank balances
|
FORM TPA-4(6)
Directors'
Report
Auditors'
Report
FORM TPA-4(7)
ANALYSIS
OF CLAIMS HANDLING FOR THE YEAR ENDING ......
1.
Total No. of claims received during the year ......
2.
No. of claims settled within 1 month from date of receipt of
claim .....
1
to 3 months .......
3
to 6 months ....
more
than 6 months .......
3.
No. of claims outstanding at the end of the year
within
1 month from date of receipt of claims .......
1
to 3 months .......
3
to 6 months .......
more
than 6 months .......
4.
Information on individual claim outstanding for more than 6
months from date of receipt of claims :
Name
of insurer |
Name
of insured |
Date
of notification |
Reasons
why outstanding |
|
|
|
|
|