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)