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Report No. 190

8.3 Powers of the IRDA

8.3.1 The powers of the IRDA include the power to grant registration, to refuse the registration, to cancel or suspend or renew registration. In all these areas, it is proposed to make certain changes which are set out in the form of a table as under: (already appended to main Report as Appendix V and therefore not repeated here)

8.3.2 In regard to the other powers of the IRDA in relation to revaluation of the affairs of the insurer, investigation, search and seizure, appointment and removal of managerial persons, the changes proposed are set out in a tabular form as under: (already appended to main Report as Appendix VI and therefore not repeated here)









  

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