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Insurance Regulatory and Development Authority (IRDA) Act, 1999 and the IRDA Rules & Regulations in India

The duties, powers and functions of the IRDA have been specified under Section 14 of the IRDA Act, 1999. The IRDA has the duty to promote, regulate and ensure orderly growth of the insurance and re-insurance businesses across India, subject to the provisions of this Act and any other additional law that is being enforced. This Act also lays down the code of conduct for insurance intermediaries.

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