In which year, Insurance Regulatory and Development Authority (IrDA) was constituted?

In which year, Insurance Regulatory and Development Authority (IrDA) was constituted?
[A]1999
[B]1998
[C]1997
[D]1996

1999
Insurance Regulatory and Development Authority (IRDA) was constituted in 1999 as an autonomous body to regulate and develop the insurance industry.

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