Lawgist25Establishment of Insurance Advisory Committee
(1) The Authority may, by notification, establish with effect from such date as it may specify in such notification, a Committee to be known as the Insurance Advisory Committee.
(2) The Insurance Advisory Committee shall consist of not more than twenty-five members excluding ex officio members to represent the interests of commerce, industry, transport, agriculture, consumer fora, surveyors, agents, intermediaries, organisations engaged in safety and loss prevention, research bodies and employees' association in the insurance sector.
(3) The Chairperson and the members of the Authority shall be the ex officio Chairperson and ex officio members of the Insurance Advisory Committee.
(4) The objects of the Insurance Advisory Committee shall be to advise the Authority on matters relating to the making of the regulations under section 26.
(5) Without prejudice to the provisions of sub-section (4), the Insurance Advisory Committee may advise the Authority on such other matters as may be prescribed.
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- 18 Power of Central Government to issued directions
- 19 Power of Central Government to supersede Authority
- 20 Furnishing of returns, etc., to Central Government
- 21 Chairperson, members, officers and other employees of Authority to be public servants
- 22 Protection of action taken in good faith
- 23 Delegation of powers
- 24 Power to make rules
- 25 Establishment of Insurance Advisory Committee
- 26 Power to make regulations
- 27 Rules and regulations to be laid before Parliament
- 28 Application of other laws not barred
- 29 Power to remove difficulties
- 30 Amendment of Act 4 of 1938
- 31 Amendment of Act 31 of 1956
- 32 Amendment of Act 57 of 1972
