Insurance Regulatory and Development Authorities Act come in to effect in ____________.

2001

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2004

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1999

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None of these

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Solution

The correct option is C 1999
Following the recommendations of the Malhotra Committee in 1999, the Insurance Regulatory and Development Authority (IRDA) was constituted to regulate and develop the insurance industry and was incorporated in April 2000.

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Q. Insurance Regulatory and Development Authority of India(IRDAI) was recently in news. Consider the following statements regarding IRDAI:

1

. It is an autonomous and statutory body created by IRDA Act,

1999

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Insurance Regulatory and Development Authorities Act come in to effect in ____________.

The correct option is C 1999Following the recommendations of the Malhotra Committee in 1999, the Insurance Regulatory and Development Authority (IRDA) was constituted to regulate and develop the insurance industry and was incorporated in April 2000.

The correct option is C 1999
Following the recommendations of the Malhotra Committee in 1999, the Insurance Regulatory and Development Authority (IRDA) was constituted to regulate and develop the insurance industry and was incorporated in April 2000.