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UIIC AO IRDA Act 1999 — practice questions

Explore 1 free IRDA Act 1999 questions in UIIC AO Insurance. Open each question or exercise to read its content, reference answers and available explanation.

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IRDA Act 1999 questions and exercises with answers

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In which year was the Insurance Regulatory and Development Authority (IRDA) Act enacted?Read the answer and worked solution →

Worked practice questions

In which year was the Insurance Regulatory and Development Authority (IRDA) Act enacted?

  1. 1999
  2. 1998
  3. 1996
  4. 2000
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Correct answer: A. 1999

1. The IRDA Act was passed in 1999. 2. The Act came into force on 19 April 2000 when IRDA was formed. 3. Hence the year of enactment is 1999. _Source: IRDA Brochure (irdai.gov.in — official IRDAI publication) — "1999: Enactment of the Insurance Regulatory and Development Authority (IRDA) Act, 1999"_

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