Exposure draft- IRDAI(Meetings) Amendment REGULATIONS, 2024

IRDAI has issued an Exposure draft- IRDAI(Meetings) Amendment REGULATIONS, 2024. The Key features include: –

1. Flexibility in conducting number of meetings rather than hardcoding the number meetings and considering Financial Year instead of Calendar for reckoning the number of meetings.
2. Provision to allow circulation of notice and agenda of the meetings to Members of the Authority in less than 7 days with the approval of the Chairperson.
3. Change of name from “Designated Officer’ to ‘Secretary to the Authority’
4. Provision for the Chairperson or the senior most full time member to decide the mode of meeting along with place and time.
5. Reducing the notice period to 24 hours for convening an emergent meeting of the Authority.

All the stakeholders are requested to forward their comments / suggestions, if any, on the proposed regulation (Annexure-A) in the attached format (Annexure- B) on or before 5:00 PM on 26.11.2024 to nithya@irdai.gov.in with a copy to anjaly.jolly@irdai.gov.in.