Regulations of insurance by

irda

Deposits.
Investments.
Valuation Of Assets.
Submission of Returns.
Insurance Advertisements.
Foreign Exchange laws.

Acts governing insurance

The insurance Act, 1938 to govern all form of insurance
and to provide strict control over insurance business.
Insurance Regulatory and authority act, 1999 (to
provide) for the establishment of an authority to protect
the interest of the holder of insurance policy, to regulate,
promote and ensure orderly growth of insurance industry
and for matter connected therewith or incidental thereto
and future to amend the Insurance Act, 1938, the Life
Insurance Corporation Act, 1956 and the general
insurance business (Nationalization) act, 1972.
The Actuaries Act, 2006 (An Act to provide for regulating
and developing the profession of Actuaries and for
matters connected therewith or incidental thereto).

Insurance law regulations

Insurance law regulations in India manage
all the matters related to various insurance
companies in the country. The concept of
insurance in India dates back to the ancient
period.
Entry of Private Companies.
Regulatory Authorities.
Insurance Regulatory and Development
Authority.

Insurance Regulatory & Development Authority

Insurance Regulatory & Development

Authority is regulatory and
development authority under
Government of India in order to
protect the interests of the
policyholders and to regulate,
promote and ensure orderly growth
of the insurance industry.
Powers and Functions of IRDA.
Impact Of IRDA On Indian Insurance

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY

3

. ESTABLISHMENT AND INCORPORATION OF AUTHORITY.-- (1) With effect from such

date as the Central Government may, by notification, appoint, there shall be established, for the
purposes of this Act, an Authority to be called "the Insurance Regulatory and Development
Authority".
(2) The Authority shall be a body corporate by the name aforesaid having perpetual succession and a
common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property,
both movable and immovable, and to contract and shall, by the said name, sue or be sued.
(3) The head office of the Authority shall be at such place as the Central Government may decide from
time to time.
(4) The Authority may establish offices at other places in India.