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Old February 1st, 2018, 01:17 PM
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Default Guidelines Of IRDA Act 1999

Hi buddy here I am looking for Guidelines of Insurance Regulatory And Development Authority (IRDA) Act, 1999 ,a s my uncle asking me about the same , so will you plz let me know for it??
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  #2  
Old February 1st, 2018, 01:19 PM
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Default Re: Guidelines Of IRDA Act 1999

As you want here I am giving below Guidelines of Insurance Regulatory And Development Authority (IRDA) Act, 1999, on your demand :

CHAPTER I
PRELIMINARY

1. SHORT TITLE, EXTENT AND COMMENCEMENT.
---
(
1)
This Act may be called the Insurance
Regulatory and Development Authority Act, 1999.
(2)
It extends to the whole of India.
(3)
It shall come into force on such
date as the Central Government may, by notification in the Official
Gazette, appoint:
Provided that different dates may be appointed for different provisions of this Act and any reference in any such
provision to the commencement of this Act shall be cons
trued as a reference to the coming into force of that
provision.
2. DEFINITIONS.
---
(1)
In this Act, unless the context otherwise requires,
-
(a)
"appointed day" means the date on which the Authority is established under sub
-
section (1) of section 3;
(b)
"Authority" means the Insurance Regulatory and Development Authority established under sub
-
section
(1) of section 3;
(c)
"Chairperson" means the Chairperson of the Authority;
(d)
"Fund" means the Insurance Regulatory and Development Authority Fund c
onstituted under sub
-
section
(1) of section 16;
(e)
"Interim Insurance Regulatory Authority" means the Insurance Regulatory Authority set up by the
Central Government through Resolution No.17(2)/94
-
Ins
-
V, dated the 23rd January, 1996;
(f)
"intermediary o
r insurance intermediary" includes insurance brokers, reinsurance brokers, insurance
consultants, surveyors and loss assessors;
(g)
"member" means a whole time or a part time member of the Authority and includes the Chairperson;
(h)
"notification" means
a notification published in the Official Gazette;
(i)
"prescribed" means prescribed by rules made under this Act;
(j)
"regulations" means the regulations made by the Authority.
(2)
Words and expressions used and not defined in this Act but defined in th
e Insurance Act, 1938 (4 of
1938) or the Life Insurance Corporation Act, 1956 (31 of 1956) or the General Insurance Business
(Nationalisation) Act, 1972 (57 of 1972) shall have the meanings respectively assigned to them in those Acts.

Guidelines of Insurance Regulatory And Development Authority (IRDA) Act, 1999



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