Commentary On The Insurance Regulatory And Development Authority Act
The IRDA has beenconstituted for thepurposes of regulatingand ...More
The IRDA has beenconstituted for thepurposes of regulatingand ensuring an orderlygrowth of the insurancesector. It is furtherconferred with a mandateto protect the interestsof insurance policyholders. IRDA Act, cameinto force in April 2000and during the past 16years of the existence ofIRDA, many desirablereforms cutting differentaspects of the insurancesector have been broughtabout through issuance ofregulations and circularsfrom time to time. Less
The IRDA has been constituted for the purposes of regulating and ensuring an orderly growth of the insurance sector. It is further conferred with a mandate to protect the interests of insurance policy holders. IRDA Act, came into force in April 2000 and during the past 16 years of the existence of IRDA, many desirable reforms cutting different aspects of the insurance sector have been brought about through issuance of regulations and circulars from time to time.