**Executive Summary**
This document from the Insurance Regulatory and Development Authority of India (IRDAI), dated February 29, 2024, appoints Shri V. Devanathan as the Election Officer for the 14th Council Elections of the Indian Institute of Insurance Surveyors and Loss Assessors (IIISLA). IIISLA is advised to extend all the necessary co-operation and financial assistance required for smooth conduct of the elections. The election expenses will be borne by IIISLA.
**Key Points / Main Content**
* **Election Officer Appointment:**
* Shri V. Devanathan, Ex-Consultant, Gl Council, is appointed as Election Officer.
* He is responsible for conducting the 14th Council elections for vacancies arising from the retirement of 4 directors on July 28, 2022.
* **Election Conduct and Compliance:**
* Elections must be conducted in accordance with Article 49 of the Articles of Association (AOA) of IIISLA.
* Elections must be conducted in a smooth, fair, and transparent manner, following the AOA of IIISLA and the IIISLA Regulations and Procedure for Conduct of Elections to the Council (Election Regulations).
* **Financial Aspects:**
* IIISLA will bear all election expenses.
* Shri V. Devanathan will receive an honorarium of Rs 1,50,000 for the conduct and completion of the elections, which will form part of the overall elections expenses.
**Impact Analysis**
**IIISLA**
* **Impact**
* Required to cooperate fully with the Election Officer and provide all necessary assistance to ensure the smooth conduct of elections.
* Responsible for bearing all election expenses, including the honorarium for the Election Officer.
* **Action Required**
* Provide necessary cooperation and financial assistance for the smooth conduct of the elections.
**Shri V. Devanathan (Election Officer)**
* **Impact**
* Responsible for overseeing and managing the entire election process for the 14th Council elections.
* **Action Required**
* Conduct elections in a smooth, fair, and transparent manner, following IIISLA's AOA and election regulations.
Key Entities Referenced
Insurance Regulatory and Development Authority of India (IRDAI): The issuing authority and regulator for the insurance sector in India.
Indian Institute of Insurance Surveyors and Loss Assessors (IIISLA): The entity for which council elections are being conducted.
Articles of Association (AOA) of IIISLA: The governing document of IIISLA, specifying rules and regulations.
IIISLA Regulations and Procedure for Conduct of Elections to the Council (Election Regulations): The rules and procedures that govern the conduct of elections for the IIISLA council.
V. Devanathan: Appointed as the Election Officer to conduct the 14th Council elections for IIISLA.
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Ref: IRDAI/INT/ORD/MISC/47/2/2024 ~/Date: 29.02.2024
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ORDER
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Re: Appointment of Election Officer to conduct 14th Council Elections of Indian
Institute of Insurance Surveyors and Loss Assessors (IIISLA)
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Pursuant to the Council election of IIISLA and declaration of results on 20th July,
2019, a meeting of the Board of Directors of IIISLA was held on 29th July, 2019 at
Hyderabad, where elected Council appointed the office bearers.
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As per the letter dated 13.06.2023 from President (II ISLA), 4 directors (2 from North
Zone, 1 from East Zone and 1 from All India seat) retired by rotation on 28th July,
2022.
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The Authority hereby appoints Shri V. Devanathan, Ex-Consultant, GI Council as
Election Officer for conducting the 14th Council elections for the aforementioned
vacancies, in compliance with Article 49 of the Articles of Association (AOA) of
IIISLA.
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Shri V. Devanathan is advised to conduct elections in a smooth, fair and
transparent manner in accordance with the AOA of IIISLA and IIISLA Regulations
and Procedure for Conduct of Elections to the Council (Election Regulations).
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IIISLA is hereby advised to extend all the necessary co-operation and financial
assistance required for smooth conduct of the elections in accordance with the
AOA and IIISLA Regulations and Procedure for Conduct of Elections to the Council
(Election Regulations).
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All the election expenses shall be borne by IIISLA. For conduct and completion of
these elections, an honorarium of Rs 1,50,000/- (One lakh fifty thousand rupees
only) shall be given to Shri V. Devanathan, which will form part of the overall
elections expenses.
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This is issued with the approval of the Competent Authority.
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~~~I CGM (Intermediaries)