Section 34H of IA : Section 34H: Search And Seizure

Explanation using Example

Imagine an insurance company, XYZ Insurers, is under investigation for alleged irregularities in its claim settlement processes. The Chairperson of the Insurance Regulatory and Development Authority (IRDA) receives credible information suggesting that XYZ Insurers has been rejecting legitimate claims or settling them for less than the reasonable amounts. The Chairperson suspects that the company is also involved in paying illegal rebates to agents.

Based on these suspicions, the Chairperson authorizes a Deputy Director of IRDA to investigate the matter. The Deputy Director, as the authorized officer, leads a team to XYZ Insurers' head office. Upon arrival, they find the office locked and uncooperative. The Deputy Director exercises the po...

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