The Insurance Regulatory and Development Authority of India (IRDAI) issued the Corporate Governance for Insurers Regulations, 2024, on March 21, 2024. These regulations outline the governance responsibilities of the Board in managing insurers. The circular focusses on various operational and procedural aspects for all insurers to adopt. It applies to all insurers except foreign companies operating re-insurance branches in India. This Master Circular is effective immediately upon issuance, but insurers have time until June 30, 2024, to comply with its provisions. 
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