Duties Power And Function Of IRDA

Hi I am a new employee in the IRDA and I want to know that what are the Duties Power And Function Of IRDA???

[pawan]

The duties, powers and functions of IRDA have been specified under Section
14 of IRDA Act, 1999.

Duties Power And Function Of IRDA .

Issue to the applicant a certificate of registration, renew, modify, withdraw,
suspend or cancel such registration;

Protection of the interests of the policy holders

Specifying requisite qualifications, code of conduct and practical training for
intermediary or insurance intermediaries and agents

Specifying the code of conduct for surveyors and loss assessors;

Promoting efficiency in the conduct of insurance business;

Promoting and regulating professional organisations connected with the
insurance and re-insurance business;

Levying fees and other charges for carrying out the purposes of this Act;

Regulating investment of funds by insurance companies;

Regulating maintenance of margin of solvency;

Adjudication of disputes between insurers and intermediaries or insurance
intermediaries;

Supervising the functioning of the Tariff Advisory Committee