IRDAI repealed the circular on Payment of Commission, remuneration, rewards· and distribution fees under Long Term Motor Insurance Policies

Jul 19, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Insurance Regulatory and Development Authority of India (IRDAI) on July 18, 2024, repealed the circular on Payment of Commission, remuneration, rewards· and distribution fees under Long Term Motor Insurance Policies Circular No. IRDA/INT/CIR/Comm/139/08/2018 dated August 29, 2018, has become redundant.

Hence, the mentioned circular stands repealed.

[Notification No: IRDAI/INT/CIR/MISC/104/7/2024]


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