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Home / IRDA Update 

Insurance Regulatory and Development Authority (Appointed Actuary) Regulations

In exercise of the powers conferred by clause (zd) of sub-section (2) of section 114A of the Insurance Act, 1938 (4 of 1938), the Insurance Regulatory and Development Authority, in consultation with the Insurance Advisory Committee, hereby makes the following regulations, namely

1. Short title and commencement
   
   
2. Definitions
   
   
3. Procedure for Appointment of an Appointed Actuary
   
   
4. Effect of Rejection of the Application
   
   
5. Cessation of Appointment of Appointed Actuary
   
   
6. Powers of Appointed Actuary
   
   
7. Duties and Obligations
   
   
8. Absolute Privilege of Appointed Actuary
   
   
9. Applicability to Reinsurance Business

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