IRDAI has issued the regulation titled IRDAI (Re-insurance Advisory Committee) (Amendment) Regulations, 2025, bearing reference number IRDAI/Reg/3/210/2025 dated January 01, 2025, amending certain provisions of the IRDAI (Re-insurance Advisory Committee) Regulations, 2019, bearing reference number IRDAI/Reg/10/161/2019 dated July 25, 2019, with the objective to enhance efficiency of the conduct of the Reinsurance Advisory Committee. A table showing comparison between the earlier provisions and the amended provisions of the Regulations is as under:
| Regulation | IRDAI (Re-insurance Advisory Committee) Regulations, 2019 | IRDAI (Re-insurance Advisory Committee) (Amendment) Regulations, 2025 | Remarks |
|---|---|---|---|
| Reg 5 | Resignation and filling of casual vacancies | Resignation, removal from office and filling of casual vacancies. | Heading has been substituted with Resignation, removal from office and filling of casual vacancies. |
| Reg 5(1A) | No provision | The Authority may remove any member of the Re-insurance Advisory Committee who-
| New provision added |
| Reg 6(a)(1) | Meeting of the Committee: The Committee may meet as often as may be considered necessary, at such places within India and at such times as may be decided by the Chairman. | Meeting of the Committee: The Committee may meet as often as considered necessary, at such places within India, by such mode and at such time as may be decided by the Chairman. | The amended regulation expands the original provision by adding “mode” to the meeting details, stating that the Committee may meet as necessary, at a place, mode, and time decided by the Chairman. |
A copy of the Regulations is attached for your ready reference.
Source category: IRDAI
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