Explain briefly the constitution of IRDA Pondicherry University 2015

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Explain briefly the constitution of IRDA? - Pondicherry University - 2015

From the question paper on insurance law and regulations.

Asked On2017-10-27 15:18:07 by:Divyanshu-Changkakoti

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The Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous, statutory agency tasked with regulating and promoting the insurance and re-insurance industries in India.[2] It was constituted by the Insurance Regulatory and Development Authority Act, 1999,[3] an Act of Parliament passed by the Government of India.[4] The agency's headquarters are in Hyderabad, Telangana, where it moved from Delhi in 2001.[5]

IRDAI is a 10-member body including the chairman, five full-time and four part-time members appointed by the government of India.

Answerd on:2018-06-05 Answerd By:SaiKiran

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The IRD Act has established the Insurance Regulatory and Development Authority (“IRDA” or “Authority”) as a statutory regulator to regulate and promote the insurance industry in India and to protect the interests of holders of insurance policies.

Answerd on:2022-01-29 Answerd By:Muskan-Kumari

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he Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous, statutory agency tasked with regulating and promoting the insurance and re-insurance industries in India.^[2] It was constituted by the Insurance Regulatory and Development Authority Act, 1999,^[3] an Act of Parliament passed by the Government of India.^[4] The agency's headquarters are in Hyderabad, Telangana, where it moved from Delhi in 2001.^[5]

IRDAI is a 10-member body including the chairman, five full-time and four part-time members appointed by the government of India.

Answerd on:2017-10-28 Answerd By:Ashwath-Shetty

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Explain briefly the constitution of IRDA? - Pondicherry University - 2015

From the question paper on insurance law and regulations.

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