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Insurance Regulatory And Development Authority Act, 1999

Section - 8 - Bar on future employment of members

Bar on future employment of members.

8. The Chairperson and the whole-time members shall not, for a period of two years from the date on which they cease to hold office as such, except with the previous approval of the Central Government, accept-

(a)-any employment either under the Central Government or under any State Government; or
(b)-any appointment in any company in the insurance sector.
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