when IRDA act coming into existence?
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Answer:
The control guidelines has come into effect 19 October 2015(effective date) and require compliance by existing
indian insurance company (IICs) within 3 months from the Effective date.
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Explanation:
Short title extent and Commencement. ---(1) This Act may be called the Insurance Regulatory and Development Authority of India Act, 1999. (2) It extends to the whole of India.
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