https://www.taxtmi.com/news?id=647 The Union Cabinet authorised introduction of amendment bills to the Insurance Act, 1938; the General Insurance Business (Nationalization) Act, 1972; the Insurance Regulatory and Development Authority Act, 1999 and the Life Insurance Corporation Act, 1956 on the basis of Group of Ministers' recommendations. The amendments aim to remove archaic and redundant provisions and to incorporate provisions granting the regulator greater operational flexibility so the Insurance Regulatory and Development Authority can discharge its functions more effectively and efficiently. en-us Fri, 31 Oct 2008 17:46:05 +0530 Fri, 31 Oct 2008 17:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=647 The Union Cabinet authorised introduction of amendment bills to the Insurance Act, 1938; the General Insurance Business (Nationalization) Act, 1972; the Insurance Regulatory and Development Authority Act, 1999 and the Life Insurance Corporation Act, 1956 on the basis of Group of Ministers' recommendations. The amendments aim to remove archaic and redundant provisions and to incorporate provisions granting the regulator greater operational flexibility so the Insurance Regulatory and Development Authority can discharge its functions more effectively and efficiently. News - Fri, 31 Oct 2008 17:46:05 +0530 https://www.taxtmi.com/news?id=647