Insurance Regulatory and Development Authority Act : Bar on future employment of members. Indian Bare

Insurance Regulatory and Development Authority Act,1999

Act No : 41

Section : Bar on future employment of members.

8. Bar on future employment of members.-The Chairperson and the whole-time members shall not, for a period of two years from the date on which they cease to hold office as such, except with the previous approval of the Central Government, accept- (a) any employment either under the Central Government or under any State Government; or (b) any appointment in any company in the insurance sector.