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INTRODUCTORY
CHAPTER I
PRELIMINARY
1. Short title, extent
and commencement
2. Definitions
CHAPTER II
INSURANCE REGULATORY AND
DEVELOPMENT AUTHORITY
3. Establishment and
incorporation of Authority
4. Composition of
Authority
5. Tenure of office of
Chairperson and other members
6. Removal from office
7. Salary and allowances
of Chairperson and members
8. Bar on future
employment of members
9. Administrative powers
of Chairperson
10. Meetings of Authority
11. Vacancies, etc., not to invalidate proceedings of Authority
12. Officers and employees of Authority
CHAPTER III
TRANSFER OF ASSETS, LIABILITIES, ETC.,
OF INTERIM INSURANCE REGULATORY AUTHORITY
13.
Transfer of assets, liabilities, etc., of Interim Insurance
Regulatory Authority
CHAPTER IV
DUTIES,
POWERS AND FUNCTIONS OF AUTHORITY
14.
Duties, powers and functions of Authority
CHAPTER V
FINANCE,
ACCOUNTS AND AUDIT
15.
Grants by Central Government
16.
Constitution of Fund
17.
Accounts and audit
CHAPTER VI
MISCELLANEOUS
18.
Power of Central Government to issue directions
19.
Power of Central Government to supersede Authority
20.
Furnishing of returns, etc., to Central Government
21.
Chairperson, members, officers and other employees of
Authority to be public servants
22.
Protection of action taken in good faith
23.
Delegation of powers
24.
Power to make rules
25.
Establishment of Insurance Advisory Committee
26.
Power to make regulations
27.
Rules and regulations to be laid before Parliament
28.
Application of other laws not barred
29.
Power to remove difficulties
30.
Amendment of Act 4 of 1938
31.
Amendment of Act 31 of 1956
32.
Amendment of Act 57 of 1972
SCHEDULE I--AMENDMENTS
TO THE INSURANCE ACT, 1938 (4 of 1938)
SCHEDULE II--AMENDMENTS
TO THE LIFE INSURANCE CORPORATION ACT, 1956 (31 OF 1956)
SCHEDULE III--AMENDMENT
TO THE GENERAL INSURANCE BUSINESS (NATIONALISATION) ACT, 1972 (57 OF
1972)
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