Thursday, March 12, 2015

Insurance Bill: IRDA to get more powers; to impose higher penalties

MUMBAI: The Insurance Regulatory Development Authority (IRDA) will get more teeth once the insurance reforms begin to attract more foreign funds in the sector. The regulator, for instance, will have more powers to levy higher penalty, impose a ceiling on expense management, and fix remuneration for agents.

economictimes 9:50:00 PM CET

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