THE INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY ACT, 1999
[Act, No. 41 of 1999]
[29th December, 1999]
PREAMBLE
An Act to provide for the establishment of an Authority to protect the interests of holders of insurance policies, to regulate, promote and ensure orderly growth of the insurance industry and for matters connected therewith or incidental thereto and further to amend the Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and the General Insurance Business (Nationalisation) Act, 1972.
be it enacted by Parliament in the Fiftieth Year of the Republic of India as follows:--