Section 2: Objectives

Insurance Regulatory and Development Authority of India (Regulatory Sandbox) Regulations, 2019Central Regulations · 1938

The objectives of these Regulations are:

(1) To strike a balance between orderly development of insurance sector on one hand and protection of interests of policyholders on the other, while at the same time facilitating innovation;

(2) To facilitate creation of regulatory sandbox environment and to relax such provisions of any existing Regulations framed by the Authority for a limited scope and limited duration, if such a relaxation is needed.

Where this provision sits

Act	Insurance Regulatory and Development Authority of India (Regulatory Sandbox) Regulations, 2019
Section	2
Marginal note	Objectives
Jurisdiction	Central
Status	In force as published by the source

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