https://www.taxtmi.com/article/detailed?id=8237 The Act establishes a corporate Authority to regulate the insurance sector and protect policyholders, setting its mission to ensure policyholder protection, speedy claim settlement, fraud prevention and financial soundness. It prescribes composition, appointment, tenure, removal and post employment restrictions for members; vests the Authority with powers to register and supervise insurers and intermediaries, set conduct and qualification standards, conduct inspections and audits, regulate investments and solvency margins, levy fees, maintain a statutory Fund, and report and submit accounts for audit and laying before Parliament. en-us Mon, 12 Nov 2018 07:04:42 +0530 Mon, 12 Nov 2018 07:04:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8237 The Act establishes a corporate Authority to regulate the insurance sector and protect policyholders, setting its mission to ensure policyholder protection, speedy claim settlement, fraud prevention and financial soundness. It prescribes composition, appointment, tenure, removal and post employment restrictions for members; vests the Authority with powers to register and supervise insurers and intermediaries, set conduct and qualification standards, conduct inspections and audits, regulate investments and solvency margins, levy fees, maintain a statutory Fund, and report and submit accounts for audit and laying before Parliament. Articles Other Topics Mon, 12 Nov 2018 07:04:42 +0530 https://www.taxtmi.com/article/detailed?id=8237