Clients have been subdued to resort to
third-party insurance covers, beating the whole logic behind having insurance.
M2 EQUITYBITES-May 24, 2019--Indian insurance regulator proposes increases to
third-party insuranceGlobal Banking News-May 24, 2019--Indian insurance regulator proposes increases to
third-party insuranceBANKING AND CREDIT NEWS-May 24, 2019--Indian insurance regulator proposes increases to
third-party insuranceChairman and secretary of the association, Mr Ben Usiora and Mr Sangobiyi Seun, at a press briefing in Warri on Tuesday, said it was illegal for DBIR to engage the services of Richfield Technologies Ltd to handle vehicle licence renewal and
third-party insurance renewal which is against Insurance Act 2003.
Here's an interesting one from Brussels - the European Parliament has just voted down a change to
third-party insurance laws that would have meant old car owners having to take out third-party cover on cars even if they were not used on the road.
(NASDAQ: LILA and LILAK, OTC Link: LILAB) has announced that it agreed with its
third-party insurance provider in late December 2018 to settle claims for a gross total of USD 138.5 million under its integrated group property and business interruption insurance program for the damages caused by Hurricanes Maria and Irma, the company said.
Liberty Latin America announced that it agreed with its
third-party insurance provider in late December 2018 to settle claims for a gross total of $138.5M under its integrated group property and business interruption insurance program for the damages caused by Hurricanes Maria and Irma.
As per the Motor Vehicles Act,
third-party insurance is mandatory.
Summary: Mumbai (Maharashtra) [India], Sep 04 (BusinessWire-India): The Insurance Regulatory and Development Authority of India (IRDAI), in a circular on 28th August, asked general insurance companies to start offering mandatory multi-year
third-party insurance policies for all new private cars and two-wheelers from 1st September onwards.
Moreover, due to non-enforcement of the existing laws coupled with unattractive limits of compensation in case of road accidents as provided under the existing legislation, the said compulsory motor third party insurance is either not purchased, or purchased from bogus insurance entities offering
third-party insurance certificates on cheaper rates on the roadsides.
Among specific topics are sources of insurance law, the scope of obligations: people and interests protected, the insured's duty to pay premiums, the additional duties in
third-party insurance, and excess insurance.