Question
Under the Insurance Act, 1938, which authority is
responsible for regulating and supervising the insurance sector in India?Solution
The Insurance Regulatory and Development Authority of India (IRDAI) is the statutory body established under the IRDA Act, 1999 to regulate, promote, and ensure orderly growth of the insurance sector in India. While the Insurance Act, 1938 governs the framework of insurance business, IRDAI is empowered to: • Issue licenses to insurers and intermediaries • Regulate premium rates • Protect policyholders’ interests • Monitor financial health of insurance companies
According to Article 80 of the Indian Constitution, what is the composition of the Council of States?
The Advocate-General for the State is appointed by __________________
Where the Court orders service by an advertisement in a newspaper, a daily newspaper circulating in the locality in which the defendant is last known to...
Under the Occupational Safety, Health and Working Conditions Code , what are the conditions for a worker to be entitled to leave with wages in a calend...
In the absence of an explicit contract, under what condition can a pawnee retain goods pledged for a debt as per the Special Contract Act?
When can liquidation process of the corporate debtor be initiated as per section 33 of IBC?
According to Roscoe Pound, law should be studied as:
Powers and functions of rent control tribunal does not include-
If limitation period expires on the day when the court is closed :
Under the Prevention of Money-Laundering Act, 2002 the Appellate Tribunal constituted under the ________________ shall act as the Appellate Tribunal for...
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