Date:03/08/2004 URL: http://www.thehindubusinessline.com/2004/08/03/stories/2004080301650800.htm

Back IRDA revokes suspension

Our Bureau

Hyderabad , Aug 2

THE Insurance Regulatory and Development Authority (IRDA) has announced a decision revoking the suspension imposed on the licence of one of the direct insurance brokering companies - Mass Insurance Brokers Pvt Ltd based at Noida.

According to the IRDA Member, Mr Mathew Verghese, on thorough examination of the matter and considering the assurances of the broking company, it was decided that Mass Insurance Brokers should be given a second opportunity and therefore the suspension order was revoked with immediate effect.