NIACL Administrative Officer IRDA Brief History — practice questions

Explore 2 free IRDA Brief History questions in NIACL Administrative Officer Insurance. Open each question or exercise to read its content, reference answers and available explanation.

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IRDA Brief History questions and exercises with answers

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Which body was set up in 1996 as an interim body before the establishment of the IRDA?Read the answer and worked solution →Date the steps to the regulatorRead the answer and worked solution →

Worked practice questions

Which body was set up in 1996 as an interim body before the establishment of the IRDA?

Insurance Regulatory Authority
Insurance Advisory Committee
Tariff Advisory Committee
Controller of Insurance

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Correct answer: A. Insurance Regulatory Authority

1. The Malhotra Committee submitted its report in 1994 recommending reforms. 2. Before the IRDA Act 1999 was enacted, the government set up a precursor body. 3. Per the brochure milestones: 1996 - Setting up of an interim body called the Insurance Regulatory Authority. _Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "1996: Setting up of an interim body called the Insurance Regulatory Authority"_

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Date the steps to the regulator

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End

2002

Start

1990

Events

Year
1993
Item
Malhotra Committee
Year
1996
Item
Interim body
Year
1999
Item
IRDA Act passed
Year
2000
Item
IRDA formed

Instructions

Drag each step in the making of the insurance regulator onto the year it happened.

_Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "1996: Setting up of an interim body called the Insurance Regulatory Authority"_

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