IRDAI vide Ref. No: IRDAI/NL/GDL/SIC/01/01/2022 dated 03.01.2022, in exercise of the powers conferred under section 14 (2) (i) of IRDA Act, 1999, has issued the IRDAI (Surety Insurance Contracts) Guidelines, 2022 ("Guidelines") to regulate the business of surety insurance ("Business") in view of the unique risks and features of surety insurance.
source https://www.caclubindia.com/articles/irdai-surety-insurance-contracts-guidelines-2022-46687.asp
source https://www.caclubindia.com/articles/irdai-surety-insurance-contracts-guidelines-2022-46687.asp
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