Insurance Regulatory And Development Authority Act, 1999

Section - 1 - Short title, extent and commencement

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Section - 2 - Definitions

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Section - 3 - Establishment and incorporation of authority

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Section - 4 - Composition of Authority

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Section - 5 - Tenure of office of Chairperson and other members

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Section - 6 - Removal from office

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Section - 7 - Salary and allowances of Chairperson and members

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Section - 8 - Bar on future employment of members

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Section - 9 - Administrative powers of Chairperson

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Section - 10 - Meetings of Authority

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Section - 11 - Vacancies, etc., not to invalidate proceedings of Authority

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Section - 12 - Officers and employees of Authority

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Section - 13 - Transfer of assets, liabilities, etc., of Interim Insurance Regulatory Authority

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Section - 14 - Duties, Powers and Functions of Authority

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Section - 15 - Grants by Central Government

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Section - 16 - Constitution of Funds

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Section - 17 - Accounts and audit

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Section - 18 - Power of Central Government to issue directions

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Section - 19 - Power of Central Government to supersede Authority

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Section - 20 - Furnishing of returns, etc

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Section - 21 - Chairperson, members, officers and other employees of Authority to be public servants

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Section - 22 - Protection of action taken in good faith

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Section - 23 - Delegation of Powers

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Section - 23A - Powers of Reserve Bank not to apply to International Financial Services Centre

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Section - 24 - Power to make rules

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Section - 25 - Establishment of Insurance Advisory Committee

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Section - 26 - Power to make regulations

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Section - 27 - Rules and regulations to be laid before Parliament

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Section - 28 - Application of other laws not barred

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Section - 29 - Power to remove difficulties

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Section - 30 - Amendment of Act 4 of 1938

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Section - 31 - Amendment of Act 31 of 1956

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Section - 32 - Amendment of Act 57 of 1972

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Sch. I - AMENDMENTS TO THE INSURANCE ACT, 1938

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Sch. II - AMENDMENTS TO THE LIFE INSURANCE CORPORATION ACT, 1956

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Sch. III - AMENDMENT TO THE GENERAL INSURANCE BUSINESS (NATIONALISATION) ACT, 1972

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