IRDAI has issued an Exposure draft- IRDAI(Meetings) Amendment REGULATIONS, 2024. The Key features include: –
- 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.
- 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.
- Change of name from “Designated Officer’ to ‘Secretary to the Authority’
- Provision for the Chairperson or the senior most full time member to decide the mode of meeting along with place and time.
- 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.
