Ministry : Insurance Regulatory And Development Authority (Not Applicable)
Part III-Section 4
Subject : Extra Ordinary
Gazette Information
Gazette Title
Insurance Regulatory and Development Authority of India (Corporate Governance for Insurers) Regulations, 2024
Gazette Number
2157 GI/2024
Publication Date
20th March, 2024
Issuing Authority
Insurance Regulatory and Development Authority of India
Summary
- Establishes regulations for corporate governance for insurers in India.
- Defines roles and responsibilities of the Board and management of insurers.
- Outlines objectives to protect the interests of stakeholders, including policyholders.
- Sets requirements for the composition and functioning of the Board of Directors.
- Mandates the establishment of various committees for effective governance.
- Includes provisions for risk management, compliance, and reporting requirements.
