Q. What is the objective of ensuring speedy settlement of genuine claims?

View solution

Q. What powers and functions does Section 14 of the IRDA Act, 1999 specify for IRDA?

View solution

Q. What does IRDA have the duty to regulate, promote, and ensure, according to Section 14 of the IRDA Act, 1999?

View solution

Q. What are some of the powers and functions of IRDA as specified in Section 14 of the IRDA Act, 1999?

View solution

Q. What is one of the duties of IRDA concerning the rates, advantages, terms, and conditions offered by insurers in respect of general insurance business?

View solution

Q. What does IRDA regulate concerning the investment of funds by insurance companies?

View solution

Q. What power does IRDA have in adjudicating disputes between insurers and intermediaries or insurance intermediaries?

View solution

Q. What are some examples of regulations issued by IRDA?

View solution

Q. What regulations were issued by IRDA related to health services for third-party administrators?

View solution

Q. According to the Motor Vehicles Act, 1988, what is required for a motor vehicle to be used in a public place?

View solution

Q. What does Chapter (XI) of the Motor Vehicles Act, 1988, provide for?

View solution

Q. What does the Motor Vehicles Act, 1988, mandate regarding compensation to victims of accidents?

View solution

Q. What is the purpose of constituting Motor Accidents Claims Tribunals (MACT) under the Motor Vehicles Act?

View solution

Q. According to the Motor Vehicles Act, 1988, what is the minimum compensation amount a claimant is entitled to in cases of death without proving fault on the part of the vehicle owner?

View solution

Q. Under Section 146 of the MV Act, what is the requirement for using a motor vehicle in public places?

View solution

Q. According to Section 147 of the MV Act, what must the insurance policy cover?

View solution

Q. When can an insurer be made a party to the proceedings of the Motor Accident Claims Tribunal, as per Section 149 of the MV Act?

View solution

Q. What action is an insurer bound to take if a cover note issued is not followed by a policy within the prescribed time, according to Section 147 of the MV Act?

View solution

Q. Under Section 161 of the MV Act, what liability do insurers have in hit and run cases where the identity of the vehicle cannot be ascertained?

View solution

Q. According to Section 171 of the MV Act, what authority does the Tribunal have regarding the payment of interest on the award?

View solution