Insurance Regulatory & Development Authority Act, 1999

This authoritative edition presents the complete text of the Insurance Regulatory and Development Authority Act, 1999, the cornerstone legislation that reformed and modernised India’s insurance regulatory environment. Enacted to protect policyholders, ensure fair market conduct and foster growth in the insurance industry, the Act outlines the constitution, powers and functions of the IRDAI — India’s primary insurance regulator. The book offers a structured and accessible presentation of the Act, supplemented with concise commentary and interpretative notes that clarify regulatory roles, licensing frameworks, governance norms, and supervisory mechanisms applicable to insurers, brokers, agents and other intermediaries. Special focus is given to policyholder protections, financial oversight, reporting obligations, code of conduct requirements and market development responsibilities. Designed for professionals, the volume highlights the practical implications of the Act, relevant amendments, and regulatory expectations that impact day-to-day operations within the insurance sector. Ideal for insurers, legal advisors, auditors and students, this edition provides a dependable and easy-to-navigate statutory reference that strengthens comprehension and compliance across the industry.