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Violating various norms News

Irda cracks whip on insurers
10 companies to be penalised, Reliance General attracts biggest penalty. The Insurance Regulatory and Development Authority (Irda) has penalised 10 insurance companies for violating various norms and regulations during 2008-09. The company which attracted the biggest penalty was Anil Dhirubhai Ambani Group-led Reliance General, which has been slapped with a penalty of Rs 20 lakh for "violating Irda’s