FAQContactSite Map
Monday September 06, 2010
     Discussion Forum
     Blogs
     Feedback
 
  News & Events
   
     FACES BEHIND THE FIGURES
     Death on Roads - BBC
     School Road Safety
     Safety for children
     Driving Safety
     Two Wheeler Safety
     Funny Photos
     Parenting Tips
     Literature
     Safety Products
     Videos
     Promo Materials
Username
Password
 
Your name
Your E-mail ID
 
News/Fast Track
 
Email This Page| Print
 
Insurance Regulatory and Development Authority (IRDA), Press Release on: Motor Third Party Insurance Cover
Posted date : Apr 30, 2007

16th March 2006

Re:Motor Third Party insurance cover

Regional Transport Authorities, Transporters and members of the insuring public have brought to the attention of the Authority instances of refusal of motor insurance by general insurance companies

Members of the public are informed that the Authority has on several occasions instructed all General Insurers that Motor Third Party insurance cover cannot be refused. Motor Third Party Insurance cover is a mandatory requirement under Section 146 of the MV Act 1988 and cannot be denied by any insurer.

Members of the public may bring to the notice of the Authority any refusal of Motor Third Party insurance(s), of vehicles used by them, by general insurers along with evidence thereof so that the Authority can take necessary action in this regard.

/SD./
(C. S. Rao)
Chairman


[Reforms in the Insurance sector were initiated with the passage of the IRDA Bill in Parliament in December 1999. The IRDA since its incorporation as a statutory body in April 2000 has fastidiously stuck to its schedule of framing regulations and registering the private sector insurance companies]

 
 
 
2007 World Road Safety Partnership. All rights reserved. Powered by netBIOS
Terms of Use|Privacy Policy|Disclaimer