The IRDA has been constituted for the purposes of regulating and ensuring an orderly growth of the insurance sector. It is further conferred with a mandate to protect the interests of insurance policy holders. IRDA Act, came into force in April 2000 and during the past 16 years of the existence of IRDA, many desirable reforms cutting different aspects of the insurance sector have been brought about through issuance of regulations and circulars from time to time. There have also been some landmark developments on legislative as well as judicial front, which have contributed to the growth of this particular branch of law. There has not been a single dedicated commentary on this particular branch of law and therefore this work fulfils the vacuum and exhaustively covers different aspects of this branch of law. The book examines different aspects of the IRDA, in the context of IRDA Act, 1999 as also the Insurance Act, 1938, for the benefit of the readers of this book. This book caters to the needs of both students as well as professionals connected with the field of Insurance.
S K Sarvaria is a former District and Sessions Judge, New Delhi and is presently serving as the President of District Consumer Disputes Redressal Forum in New Delhi. After graduating from the Delhi University, he persued his LL.B. course and also got selected with the Delhi Judicial Services in 1980. While acting as a judge, he presided over different courts including those of the Court of District Judge, Court of Sessions, Labour Court, the Registrar's Court in the High Court of Delhi and Rent Control Tribunal. S K Sarvaria developed an interest in writing and editing law books during his post-graduation in law itself. Since 1998, he has already authored more than 20 titles on different subjects ranging from commentaries on Code of Civil Procedure Code, Indian Penal Code, different insurance laws, Indian Registration Act, Prevention of Money-Laundering Act, Foreign Exchange Management Act, Negotiable Instruments Act and Notaries Act, to name a few. He has also contributed to the work of Halsbury's Laws of India in Criminal Procedure and the work of Halsbury's Annotated Statutes of India (HASI) in Criminal Law and Criminal Procedure. Since his retirement in 2013, Mr Sarvaria has been taking up arbitration assignments in matters relating to different kinds of contracts.