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Regulatory Framework

Regulatory Framework

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The functioning of GIC has to be within the regulations of the following major Acts:

Memorandum and Articles of Association of the Corporation (2.1MB)
IRDAI Obligatory Cessions Gazette (312KB)
The Companies Act, 2013 (2.84MB)
Insurance Act, 1938 (970KB)
General Insurance Business (Nationalisation) Act, 1972 (334KB)
General Insurance Business (Nationalisation) Amendment Act. 2002 (182KB)
Insurance Regulatory and Development Authority Act, 1999 (142KB)
Memorandum Articles of Association (4MB)

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Ranked 15thLargest Global Reinsurer Group(compiled by A M Best)