The Insurance Regulatory and Development Authority Act `1999An Act to provide for the establishment of an Authority to protect the interests of holders of insurance policies, to regulate, promote and ensure orderly growth of the insurance industry and for matters connected therewith or incidental thereto and further to amend the Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and the General Insurance Business (Nationalisation) Act, 1972.
List of Chapters & Sections
PRELIMINARY INSURANCE REGULATORYAND DEVELOPMENT AUTHORITY TRANSFER OF ASSETS, LIABILITIES, ETC., OF INTERIM INSURANCE REGULATORY AUTHORITY DUTIES, POWERS AND FUNCTIONS OF AUTHORITY FINANCE, ACCOUNTS AND AUDIT MISCELLANEOUS
INSURANCE REGULATORYAND DEVELOPMENT AUTHORITY3Establishment and incorporation of Authority4Composition of Authority5Tenure of office of Chairperson and other members6Removal from office7Salary and allowances of Chairperson and members8Bar on future employment of members9Administrative powers of Chairperson10Meetings of Authority11Vacancies, etc., not to invalidate proceedings of Authority12Officers and employees of Authority
TRANSFER OF ASSETS, LIABILITIES, ETC., OF INTERIM INSURANCE REGULATORY AUTHORITY
DUTIES, POWERS AND FUNCTIONS OF AUTHORITY
FINANCE, ACCOUNTS AND AUDIT
MISCELLANEOUS18Power of Central Government to issued directions19Power of Central Government to supersede Authority20Furnishing of returns, etc., to Central Government21Chairperson, members, officers and other employees of Authority to be public servants22Protection of action taken in good faith23Delegation of powers24Power to make rules25Establishment of Insurance Advisory Committee26Power to make regulations27Rules and regulations to be laid before Parliament28Application of other laws not barred29Power to remove difficulties30Amendment of Act 4 of 193831Amendment of Act 31 of 195632Amendment of Act 57 of 1972