Home India Insurance Regulatory And Development Authority In exercise of the powers conferred by sub section 1 of Sect...
Date: 2017-12-12 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section 1 of Section 25 of the Insurance Regulatory and Development

Issued by Insurance Regulatory And Development Authority · Not Applicable

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Executive Summary & Key Takeaways

**Summary:** This notification, issued by the Insurance Regulatory and Development Authority of India (IRDAI) on December 5, 2017, concerns the composition of the Insurance Advisory Committee. Exercising powers conferred by Section 25(1) of the Insurance Regulatory and Development Authority Act, 1999, and Regulation 3A of the Insurance Advisory Committee Meetings Regulations, 2000, the IRDAI appoints Shri N. Srinivasa Rao, Economic Advisor, DFS, MoF, as a member of the Insurance Advisory Committee. This appointment is effective from the date of this notification and is in addition to the 24 members previously appointed via Notification F. No. IRDAIIAC21392017 dated March 21, 2017. The notification number is F. No. IRDAIIAC101472017.

Key Entities Referenced

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA: Regulatory body for the insurance sector in India. Hyderabad, Telangana: City in Telangana, India; place of notification. Insurance Advisory Committee: Committee related to insurance regulation and development. Insurance Regulatory and Development Authority Act, 1999: The act that establishes and empowers the INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA. Insurance Advisory Committee Meetings Regulations, 2000: Regulations governing the meetings of the Insurance Advisory Committee. N.Srinivasa Rao: Economic Advisor, DFS, MoF; appointed as Member of the Insurance Advisory Committee. DFS, MoF: Department of Financial Services, Ministry of Finance. T.S. VIJAYAN: Chairman of INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA.
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