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The Indian Institute of Insurance Surveyors and Loss Assessors is established under Section 25 of the Companies Act 1956 on 4th October 2005.
The Surveyor and Loss Assessor are experts in many fields. In addition to a thorough knowledge of technical and insurance and of the area in which they work, they can advise both the insurance company and the policyholder on repair and replacement techniques. After discussions with the policyholder, the Surveyor and Loss Assessor's report to the insurance company enables the company to process the claim without delay.
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