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Act/Rules A.1 Insurance Laws 1 The Insurance Act, 1938 2 The Life Insurance Corporation Act, 1956 3 Marine Insurance Act, 1963 4 General Insurance Business (Nationalization) Act, 1972 5 Insurance Regulatory and Development Authority (IRDA) Act, 1999 6 IRDA (Member of Insurance Advisory Committee) Regulations, 2000 7 IRDA (Appointment of Insurance Advisory Committee) Regulations, 2000 8 IRDA (The Insurance Advisory Committee) (Meeting) Regulations, 2000 9 IRDA (Appointed Actuary ) Regulations, 2000 10 IRDA (Actuarial Report and Abstract) Regulations, 2000 11 IRDA (Licensing of Insurance Agents) Regulations, 2000 12 IRDA (Assets, Liabilities and Solvency Margin of Insurers) Regulations, 2000 13 IRDA (General Insurance-Reinsurance) Regulations, 2000 14 IRDA (Registration of Indian Insurance Companies) Regulations, 2000 15 IRDA (Insurance Advertisements and Disclosure) Regulations, 2000 16 IRDA (Meetings) Regulations, 2000 12)IRDA (Investment) Regulations, 2000 17 IRDA (Conditions of Service of Officers and other Employees) Regulations, 2000 18 IRDA (Insurance Surveyors and Loss Assessors (Licensing, Professional Requirements and Code of Conduct)) Regulations, 2000 19 IRDA (Life Insurance - Reinsurance) Regulations, 2000 20 IRDA (Third Party Administrators - Health Services) Regulations, 2001 21 IRDA (Re-Insurance Advisory Committee) Regulations, 2001 22 IRDA (Preparation of Financial Statements and Auditor‘s Report of Insurance Companies) Regulations, 2002 23 IRDA (Protection of Policyholders‘ Interests) Regulations, 2002 24 IRDA (Insurance Brokers) Regulations, 2002 25 IRDA (Obligations of Insurers to Rural and Social Sectors) Regulations, 2002 26 IRDA (Licensing of Corporate Agents) Regulations, 2002 27 IRDA (Manner of Receipt of Premium) Regulations, 2002 28 IRDA (Distribution of Surplus) Regulations, 2002 29 IRDA (Qualification of Actuary) Regulations, 2004 30 IRDA (Micro-Insurance) Regulations, 2005 31 IRDA (Maternity Leave) Regulations, 2005 32 IRDA (Reinsurance Cessions) Notification 33 IRDA (Sharing of Database for Distribution of Insurance Products) Regulations, 2010 34 IRDA (Treatment of Discontinued Linked Insurance Policies) Regulations, 2010 35 IRDA(Scheme for Amalgamation and Transfer of General Insurance Business) Regulations 2011 36 IRDA(Issuance of Capital by Life Insurance Companies) Regulations, 2011 37 Guidelines on Insurance repositories and electronic issuance of insurance policies (IRDA/ ADMN/ GDL/ GLD/ 080/ 04/ 2011) 38 Guidelines on Outsourcing of Activities by Insurance Companies (IRDA/Life/CIR/GLD/013/02/2011) 39 Corporate Governance Guidelines for insurance companies. (IRDA/F&A/CIR/025/2009-10) 40 Grievance Redressal Guidelines (3/CA/GRV/YPB/10-11) 41 Public Disclosures by Insurers (IRDA/F&I/CIR/F&A/012/01/2010) 42 Guidelines on Periodic disclosures 43 Guidelines on licensing of corporate agents. (IRDA/ CAGTS/CIR/LCE/039/03/2010) 44 Guidelines for opening of representative/liaison offices overseas by an Indian Insurance company registered with the IRDA. (IRDA/ 34/ For Office/ 08-09) 45 Anti Money Laundering (AML) guidelines. (30/IRDA/AML/CIR/AUG-09) 46 Guidelines on Advertisement, Promotion & Publicity of Insurance Companies and insurance intermediaries. (007/IRDA/ CIR/ADV/MAY-07) 47 Guidelines on determination of required solvency margin under General Insurance Business. (39/IRDA/ACTL/RSM- NL/2005-06 48 Guidelines on ―File and Use‖ Requirements for General Insurance Product ( 021/IRDA/F&U/SEP-06) 49 Guidelines on Insurance and Reinsurance of General Insurance Risks. (020/NL/IRDA/06) 50 Guidelines on ‗Health plus Life Combi Products‘. (IRDA/ LIFE / GDL / MISC / 087/ 12 / 2009) 51 Guidelines for Unit Linked Life Insurance Products. (032/IRDA/Actl/Dec-2005) 52 Guidelines on Group Insurance Policies. (015/IRDA/Life/Circular/GI Guidelines/2005) 53 Guidelines on estimation of IBNR claims provision under General Insurance Business. (11/IRDA/ACTL/IBNR/2005-06) 54 Guidelines for Marine Hull Insurance and Insurance of War risk Insurance of Marine Hulls. 55 THE INSURANCE LAWS (AMENDMENT) BILL, 2015 *Disclaimer: The above illustrative list of Sector Specific Laws aims to facilitate the conduct of the Secretarial Audit by the Members of the ICSI. The list is indicative and not exhaustive. The ICSI has made reasonable efforts to ensure that the information provided in the list is accurate but does not guarantee its validity, or suitability for the purpose. While conducting the Secretarial Audit, the Members of the ICSI are advised to apply their own professional judgement in identifying need based Sector Specific Laws/ Rules/ Regulations/ Guidelines/ Orders/ Amendments/ Standards/Policies as applicable on case to case basis. Under no circumstances whatsoever, the ICSI shall be responsible for any loss, claim, liability, damage(s) resulting from the use, omission or inability to use the information provided in the said list.
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