News From Press IRDAI introduces new corporate governance regulations for insurers

IRDAI introduces new corporate governance regulations for insurers

Source: ET May 23, 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurance companies to seek prior approval for the appointment of their Board Chairperson, effective immediately. Existing Chairperson have been given until March 31, 2026, or the end of their current terms, whichever comes first, to comply with the new regulations.

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