Section 23, Insurance Regulatory and Development Authority Act, 1999 [S1Z-WE2]

As at 7 September 2026. In force from 28 May 2001 by S.O. 1660(E) [N12-ASH].

In Insurance Regulatory and Development Authority Act, 1999 [A11-607]. This text from 28 May 2001. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 23, Insurance Regulatory and Development Authority Act, 1999 [S1Z-WE2]. Machine: S1Z-WE2.

23. Power to issue directions.—(1) The Authority may, by order in writing, direct any insurance intermediary to take such measures in relation to the business of an insurance intermediary as may be specified in the order, and such person shall comply with the direction within the period specified therein. (2) An order under sub-section (1) shall state the reasons on which it is made and shall be served on the person to whom it is addressed in such manner as may be prescribed.

Defined terms in this text (2)

Authority: Section 2, Insurance Regulatory and Development Authority Act, 1999 [S1ZVSN] (In this Act, unless the context otherwise requires,—): "Authority" means the Insurance Regulatory and Development Authority of India established under section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999)

Authority: 22 more definitions.

intermediary: Section 2, Insurance Regulatory and Development Authority Act, 1999 [S1ZVSN] (In this Act, unless the context otherwise requires,—): "intermediary" includes insurance brokers, re-insurance brokers, insurance consultants, corporate agents, third party administrators, surveyors and loss assessors

intermediary: 25 more definitions.

Made under this section, or naming it (0)

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Cited by (0)

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Not held (0)

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Duties published under this section (0)

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