Transcription of GENERAL REGULATIONS - IBAI
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GENERAL REGULATIONS - IBAI
--------------------------------- Tariff Advisory Committee EAR/1-1-01 1 GENERAL REGULATIONS 1. Jurisdiction - This applies to all Risks located in India. 2 Scope This Tariff applies to Erection All Risks/ Storage Cum Erection Insurance Rating of Risks with Sum Insured upto Rs. 100 crores. (Risks with Sum Insured above Rs. 100 crores and upto Rs. 1500 crores shall be rated by Insurers as per guidelines issued vide Circular 2001/7 dated 1st January, 2001, see Annexures I & II ) 3 Marine/Transit Risks connected with Erection All Risks Insurance - Where Marine/Transit Insurance connected with Erection All Risks Insurances of any project is placed in India simultaneously or later on in one combined or under separate Policies in one department or in different departments, the matter relating to Erection All Risks/Storage-Cum-Erection Cover is required to be underwritten, subject to these GENERAL REGULATIONS .
2----- Tariff Advisory Committee EAR/1-1-01 DUTY IN CASE OF OVERSEAS CONSIGNMENTS – In respect of overseas consignments certain additional valuation on
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