law: Insurance Regulatory and Development Authority Act, 1999
  8. Bar on future employment of members
  The Chairperson and the whole-time members shall not, for a
  
  period of two years from the date on which they cease to hold office as such,
  
  except with the previous approval of the Central Government, accept-
  (a) any employment either under the Central Government or under
  
  any State Government; or
  (b) any appointment in any company in the insurance sector.