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Exposure draft
Ref. No:-- Date:08-09-2021
Draft regulations relating to IIB

Insurance Regulatory and Development Authority of India (Insurance Information Bureau of India) Regulations, 2021

In the exercise of the powers conferred by clauses (e) and (f) of sub section (2) of section 14 of Insurance Regulatory and Development Authority of India Act, 1999, read with the sec 26 of the IRDA Act 1999, the Authority has framed a Draft Regulation named as “Insurance Regulatory and Development Authority of India (Insurance Information Bureau of India) Regulations, 2021”.

Insurance Regulatory and Development Authority of India (Insurance Information Bureau of India) Regulations, 2021 is  framed to specify the Objectives, Functions and Obligations of Insurance Information Bureau (IIB) and to facilitate IIB to collect Data from the regulated entities on behalf of the Authority.

Insurance Regulatory and Development Authority of India (Insurance Information Bureau of India) Regulations, 2021 also provide the Standards of Compliance for Regulated Entities towards Submission of Data to IIB

Insurance Regulatory and Development Authority of India (Insurance Information Bureau of India) Regulations, 2021 is hereby placed on the website to seek valuable inputs from all the stakeholders.

The stakeholders / public may send their feedback / inputs / suggestion in the given format (attached) by or before 30.09.2021 on e mail id sdd@irdai.gov.in with a cc to e mail id gautam.kumar@irdai.gov.in  

 

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