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Date: 21-Mar-2024 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 Authority Act 1999 41 of 1999

Issued by Insurance Regulatory And Development Authority · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The notification announces the appointment of two new members to the Insurance Advisory Committee (IAC).

Key Changes

  • Shri. Rakesh Joshi and Shri. Arif Khan have been appointed as members of the reconstituted Insurance Advisory Committee.
  • The notification is issued by the Insurance Regulatory and Development Authority of India (IRDAI).
  • The notification is effective from the date of its publication in the official gazette, March 21, 2024.

Impact Analysis

Stakeholders

  • Policyholders: Policyholders may indirectly benefit from the expertise and guidance of the new IAC members, leading to improved regulations and policies.

Suggested Action Items

  • Stakeholders within the insurance industry to note the new appointments and consider their potential impact.

Key Entities Referenced

Insurance Regulatory and Development Authority of India (IRDAI): The regulatory body responsible for regulating and developing the insurance industry in India. It issued the notification. Insurance Advisory Committee (IAC): A committee established by the IRDAI to provide advice and recommendations on matters related to the insurance industry. The notification concerns the filling of vacancies in this committee. Insurance Regulatory and Development Authority Act, 1999 (41 of 1999): The Act that establishes the IRDAI and defines its powers and functions. Section 25(1) provides the powers for this notification. Insurance Regulatory and Development Authority (Insurance Advisory Committee) Regulations, 2000: Regulations that govern the functioning of the Insurance Advisory Committee. Regulation 3A is referenced in the notification.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-22032024-253301 xxxGIDHxxx CG-DL-E-22032024-253301 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 194] िई कदल्ली, बृहस्ट्प जतिार, माच च21, 2024/चत्रै 1, 1946 No. 194] NEW DELHI, THURSDAY, MARCH 21, 2024/CHAITRA 1, 1946 भारतीय बीमा जिजियामक और जिकास प्राजधकरण अजधसचू िा हदै राबाद, 20 माच,च 2024 बीमा सलाहकार सजमजत म ेंररजियों को भरिा फा. स.ं भा.बी.जि.जि.प्रा./बी.स.स/ 12/206/2024.—बीमा जिजियामक और जिकास प्राजधकरण अजधजियम, 1999 (1999 का 41) के अिुच्छेद 25 के उप-धारा (1) द्वारा प्रदत्त िजियों और बीमा जिजियामक और जिकास प्राजधकरण (बीमा सलाहकार सजमजत) जिजियम, 2000, के जिजियम 3 अ के अतं गतच प्रदत्त िजियों का प्रयोग करत े हुए प्राजधकरण, बीमा सलाहकार सजमजत म ें ररजियों को भरिे के जलए जिम्नजलजखत अजधसूचिा िारी करता ह,ै िो रािपत्र म ें इिके प्रकािि की जतजि से प्रित्तृ होंगे। पुिगचरित बीमा सलाहकार सजमजत के सदस्ट्य के रूप म ेंजिम्नजलजखत को जियुि ककया गया ह:ै- 1. श्री राकेि िोिी 2. श्री आररफ खाि देबािीष पण्डा, अध्यक्ष [जिज्ञापि-III/4/असा./850/2023-24] 2158 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 20th March, 2024 FILLING OF VACANCIES IN THE INSURANCE ADVISORY COMMITTEE F. No. IRDAI/IAC/12/206/2024- In exercise of the powers conferred by sub-section (1) of Section 25 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), and in terms of Regulation 3A of the Insurance Regulatory and Development Authority (Insurance Advisory Committee) Regulations, 2000, the Authority hereby makes the following notification for filling of vacancies in the Insurance Advisory Committee which will be effective from the date of publication in the official gazette. The following are appointed as the members of the reconstituted Insurance Advisory Committee: 1. Shri.Rakesh Joshi 2. Shri. Arif Khan DEBASISH PANDA, Chairperson [ADVT.-III/4/Exty./850/2023-24] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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