The Insurance Regulatory and Development Authority Act, 1999
Central · 1999
- S. 1Short title, extent and commencement.
- S. 2Definitions.
- S. 3Establishment and incorporation of Authority.
- S. 4Composition of Authority.
- S. 5Tenure of office of Chairperson and other members.
- S. 6Removal from office.
- S. 7Salary and allowances of Chairperson and members.
- S. 8Bar on future employment of members.
- S. 9Administrative powers of Chairperson.
- S. 10Meetings of Authority.
- S. 11Vacancies, etc., not to invalidate proceedings of Authority.
- S. 12Officers and employees of Authority.
- S. 13Transfer of assets, liabilities, etc., of Interim Insurance Regulatory Authority.
- S. 14Duties, powers and functions of Authority.
- S. 14APower of Authority to collect policy information
- S. 14BPower to call for returns containing policy information
- S. 14CProcedure for furnishing policyholder and policy related information to insurer or other regulated entities.
- S. 14DDisclosure of information prohibited.
- S. 14EPower to authorize.
- S. 15Grants by Central Government.
- S. 16Constitution of Fund.
- S. 16AConstitution of Policyholders’ Education and Protection Fund.
- S. 17Accounts and audit.
- S. 18Power of Central Government to issued directions.
- S. 19Power of Central Government to supersede Authority.
- S. 20Furnishing of returns, etc., to Central Government.
- S. 21Chairperson, members, officers and other employees of Authority to be public servants.
- S. 22Protection of action taken in good faith.
- S. 23Delegation of powers.
- S. 23APowers of Authority not to apply to International Financial Services Centre.
- S. 24Power to make rules.
- S. 25Establishment of Insurance Advisory Committee.
- S. 26Power to make regulations.
- S. 27Rules and regulations to be laid before Parliament.
- S. 28Application of other laws not barred.
- S. 29Power to remove difficulties.
- S. 30Amendment of Act 4 of 1938.
- S. 31Amendment of Act 31 of 1956.
- S. 32Amendment of Act 57 of 1972.