Write-off of export bills allowed for claims settled by IRDA registered insurers, with deletion from XOS and FX non recognition. Permits write-off of outstanding export bills by Authorised Dealer Category I banks where claims are settled by IRDA registered insurance companies (in addition to ECGC), on exporter application with documentary proof of settlement and surrender of incentives; such bills shall be deleted from the XOS statement and the previous 10% ceiling does not apply; clarifies rupee settled claims are not export realisation in foreign exchange and must not be credited to Exchange Earners' Foreign Currency Accounts.