Insurance Regulatory and Development Authority Act : Salary and alowances of Chairperson and members.

Insurance Regulatory and Development Authority Act,1999

Act No : 41

Section : Salary and alowances of Chairperson and members.

7. Salary and allowances of Chairperson and members.-(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.