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The constitution of the IRDA consists of not more than ___________ members.

  • The constitution of the IRDA consists of not more than 9 members.
  • The IRDA is a statutory body established under the Insurance Regulatory and Development Authority Act, 1999, which regulates and develops the insurance industry in India.
  • The constitution of the IRDA consists of a chairperson, five whole-time members, and four part-time members, for a total of 10 members.
  • The chairperson of the IRDA is appointed by the government of India, while the other members are appointed by the central government on the recommendation of a selection committee.
  • The members of the IRDA are appointed for a term of five years and are eligible for reappointment for one more term.