Question

What is one of the suggested amendments by the Law Commission regarding the Grievance Redressal Mechanism?

a.

Establishing a separate tribunal for disputes between insured and intermediaries

b.

Establishing a tribunal for disputes between insurers and insured

c.

Establishing a grievance redressal mechanism for disputes between insurers and intermediaries

d.

Establishing an appellate tribunal to hear appeals from orders passed by IRDA

Answer: (d).Establishing an appellate tribunal to hear appeals from orders passed by IRDA Explanation:One of the suggested amendments by the Law Commission is to establish an Insurance Appellate Tribunal (IAT) to hear appeals from orders passed by IRDA.

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Q. What is one of the suggested amendments by the Law Commission regarding the Grievance Redressal Mechanism?

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