The insurance regulation and development authority act,1999 (Bare Act)/
The insurance regulation and development authority act,1999 (Bare Act)/
Universal Law Publishing
- New Delhi: Universal Law Publishing, 2010.
- 35 p.
THE INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY ACT, 1999
Introduction
Sections
CHAPTER I
PRELIMINARY
1. Short title, extent and commencement
2. Definitions
CHAPTER II INSURANCE REGULATORY AND DEVELOPMENT AUOIORITY
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 CHAPTER III
TRANSFER OF ASSETS, LIABII.mES, ETC., OF INTERIM INSURANCE REGULATORY AUTHORITY
13. Transfer of assets, liabilities, etc., of Interim Insurance Regulatory Authority
CHAPTER IV DUTIES, POWERS AND FUNCIIONS OF AUTHORITY' 14. Duties, powers and functions of Authority CHAPTER V
FINANCE, ACCOUNTS AND AUDIT
15. Grants by Central Government
16. Constitution of Fund 17. Accounts and audit
CHAPTER VI
* MISCELLANEOUS
18. Power of Central Government to issue 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 po^vers ^
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
THE FIRST SCHEDULE.— Amendments to the Insurance Act, 1938 (4 of 1938)
THE SECOND SCHEDULE.—Amendments to the Life Insurance Corporation Act, 1956 (31 of 1956)
THE THIRD SCHEDULE.— Amendment to the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972)
343.54 / UNI/I
THE INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY ACT, 1999
Introduction
Sections
CHAPTER I
PRELIMINARY
1. Short title, extent and commencement
2. Definitions
CHAPTER II INSURANCE REGULATORY AND DEVELOPMENT AUOIORITY
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 CHAPTER III
TRANSFER OF ASSETS, LIABII.mES, ETC., OF INTERIM INSURANCE REGULATORY AUTHORITY
13. Transfer of assets, liabilities, etc., of Interim Insurance Regulatory Authority
CHAPTER IV DUTIES, POWERS AND FUNCIIONS OF AUTHORITY' 14. Duties, powers and functions of Authority CHAPTER V
FINANCE, ACCOUNTS AND AUDIT
15. Grants by Central Government
16. Constitution of Fund 17. Accounts and audit
CHAPTER VI
* MISCELLANEOUS
18. Power of Central Government to issue 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 po^vers ^
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
THE FIRST SCHEDULE.— Amendments to the Insurance Act, 1938 (4 of 1938)
THE SECOND SCHEDULE.—Amendments to the Life Insurance Corporation Act, 1956 (31 of 1956)
THE THIRD SCHEDULE.— Amendment to the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972)
343.54 / UNI/I