The Insurance Regulatory and Development Authority Act

Establishment and incorporation of Authority

Composition of Authority

Tenure of office of Chairperson and other members

Removal from office

Salary and allowances of Chairperson and members

Bar on future employment of members

Administrative powers of Chairperson

Meetings of Authority

Vacancies, etc., not to invalidate proceedings of Authority

Officers and employees of Authority


INSURANCE REGULATORYAND DEVELOPMENT AUTHORITY


(1) The salary and allowances payable
to, and other terms and conditions of service of, the members other than part-time members shall be such
as may be prescribed.

(2) The part-time members shall receive such allowances as may be prescribed.

(3) The salary, allowances and other conditions of service of a member shall not be varied to his
disadvantage after appointment. 

LAWGIST

# 7 Salary and allowances of Chairperson and members