Chapter
Regulatory Framework in Insurance
Banking & Insurance - Laws & Practice (Elective Paper 7.4)Part II: Insurance Laws (50 Marks)
11 topics
- Insurance Act, 1938 - Registration of Insurance Companies
- FDI and FEMA provisions pertaining to Insurance Sector
- Registration of Re-insurance Companies
- Requirement of Solvency Margin
- Appointment of MD/WTD/CEO
- Rural & Social Obligations of Insurer
- Advance receipt of Premium
- Prohibition on Rebates
- Restriction on the common directorship
- IRDAI Act, 1999 – Constitution
- Role & Powers of IRDAI