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The Insurance Regulatory and Development Authority Act, 1999

Chapter IV — DUTIES, POWERS AND FUNCTIONS OF AUTHORITY

Section 14DDisclosure of information prohibited

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Section 14D: Disclosure of information prohibited

14D. Disclosure of information prohibited

14D. Disclosure of information prohibited.---(1) Any information contained in any statement submitted by an insurer or other regulated entities under section 14B or furnished by the Authority to any insurer or other regulated entities under section 14C, shall be treated as confidential and shall not, except for the specified intended purposes, be published or otherwise disclosed.

(2)

Nothing in this section shall apply to---

(a)

the disclosure by any insurer or other regulated entities, with the previous permission of the Authority, of any information furnished to the Authority under section 14B or 14C;

(b)

the publication by the Authority, if it considers necessary in the public interest so to do, of any information collected by it under section 14B or 14C, in such consolidated form as it may think fit without disclosing the name of any insurer or other regulated entities or the policyholder;

(c)

the disclosure or publication by the Authority or the insurer or other regulated entities of any policy related information to any other insurance company, intermediary or regulated entity as permitted by the Authority under the regulations to be issued from time to time.

(3)

Notwithstanding anything contained in any law for the time being in force, no court, tribunal or other authority shall compel the Authority or any insurer or other regulated entities to produce or to give inspection of any statement submitted by that insurer or other regulated entities under section 14B or 14C or to disclose any policy related information furnished by the Authority to that insurer or other regulated entities under section 14C.

Amendment notes (1)
  1. 1Ins w.e.f. 05-02-2026 Ins. by Act 40 of 2025, s. 91, (w.e.f. 05-02-2026).