Question
a.
To penalize the insured
b.
To mediate further
c.
To pass an award that is fair and covers the insured's loss
d.
To refer the case to the court
Posted under IC38 Life Insurance Agent Exam
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. What is the authority of the Ombudsman when a dispute is not settled through intermediation?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What role can the Ombudsman play in resolving disputes between the insured and the insurer?
View solution
Q. In the context of consumer disputes related to the insurance business, which of the following is a common category of disputes?
View solution
Q. What is the main purpose of the Integrated Grievance Management System (IGMS) launched by IRDAI?
View solution
Q. The ______________ has jurisdiction to entertain complaints, where value of the goods or services and the compensation claimed is up to Rs.20 lakhs.
View solution
Q. Are there any categories of information that are exempt from disclosure under the RTI Act?
View solution
Q. Under the RTI Act, what type of information may public authorities be obliged to provide to citizens?
View solution
Q. What does IRDAI stand for in the context of the RTI Act?
View solution
Q. Who is responsible for dealing with requests for information under the RTI Act?
View solution
Q. What is the purpose of the Right to Information (RTI) Act, 2005 in India?
View solution
Q. Is the Ombudsman's award binding on the insurer?
View solution
Q. How long does the insurance company have to comply with the Ombudsman's award?
View solution
Q. In what circumstances will the Ombudsman pass an award to the insured?
View solution
Q. How long does the Ombudsman have to make recommendations after receiving a complaint?
View solution
Q. What is the maximum value of the claim, including expenses, for a complaint to be eligible for the Ombudsman's intervention?
View solution
Q. When can a complaint be made to the Ombudsman regarding an insurance company's actions?
View solution
Q. What must a complaint made to the Ombudsman contain?
View solution
Q. What is the finality of the Ombudsman's decision regarding a complaint?
View solution
Q. In what capacity can the Ombudsman act, by mutual agreement of the insured and the insurer?
View solution
Q. What is the objective of the Insurance Ombudsman rules?
View solution
Q. What type of complaints are addressed by Insurance Ombudsmen?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!
