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Insurance Regulatory and Development Authority (Insurance Advertisements and Disclosure) Regulations, 2000 Complete Act

State: Central

Year: 2000

.....of 1972), or Insurance Regulatory and Development Authority Act, 1999 (41 of 1999) shall have the meanings respectively assigned to them in those Acts or the rules as the case may be. Regulation 3 Compliance and control (1) Every insurer or intermediary or insurance agent shall- (i) have a compliance officer, whose name and official position in the organisation shall be communicated to the Authority, and he shall be responsible to oversee the advertising programme. (ii) establish and maintain a system of control over the content, form, and method of dissemination of all advertisements concerning its policies. (iii) maintain an advertising register at its corporate office which must include: (a) a specimen of every advertisement disseminated, or issued or a record of any broadcast or telecast, etc.; (b) a notation attached to each advertisement indicating the manner, extent of distribution and form number of any policy advertised, and (iv) maintain a specimen of all advertisements for a minimum period of three years. (v) file a copy of each advertisement with the Authority as soon as it is first issued, together with information: (a) an identifying number for the.....