LawgistThe Insurance Regulatory and Development Authority Act
7Salary and allowances of Chairperson and members
(1) The salary and allowances payable to, and other terms and conditions of service of, the members other than part-time members shall be such as may be prescribed.
(2) The part-time members shall receive such allowances as may be prescribed.
(3) The salary, allowances and other conditions of service of a member shall not be varied to his disadvantage after appointment.
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INSURANCE REGULATORYAND DEVELOPMENT AUTHORITY
- 3 Establishment and incorporation of Authority
- 4 Composition of Authority
- 5 Tenure of office of Chairperson and other members
- 6 Removal from office
- 7 Salary and allowances of Chairperson and members
- 8 Bar on future employment of members
- 9 Administrative powers of Chairperson
- 10 Meetings of Authority
- 11 Vacancies, etc., not to invalidate proceedings of Authority
- 12 Officers and employees of Authority
