Question
As per the IRDA Act 1999, when IRDA was established, it
replaced _______under Insurance Act 1938.Solution
IRDA ACT, 1999: This Act was passed by Parliament in Dec.1999 & it received presidential assent in Jan.2000. The aim of the Authority is “to protect the interest of holders of Insurance policies to regulate, promote and ensure orderly growth of Insurance industry & for matters connected therewith or incidental thereto.” Under this Act, an authority called IRDA is established which replaces Controller of Insurance under Insurance Act 1938.
Which companies are required to have at least one women director?
On the death of a partner, when can the partnership business continue?
I. When there are more than 2 partners in the f...
Whether the contents of documents or electronic records, can be proved by oral evidence?
The Aircraft Act provides that in the interest of the safety of aircraft operations, if the Central Government decides to regulate construction, erecti...
A relevant confession becomes irrelevant when
Under which products order specifications for vanaspati, margarine and shortenings are laid down?
The Madrid Protocol is an international treaty that facilitates the registration and management of:
What is the minimum age of a director?
The officers and other employees of the Authority under the IRDA Act may be appointed by whom?
The Performance Review Committee under the IFSCA Act shall consists of _______________ of the Authority
