Dismantling of Indian Motor Third Party Insurance Pool [IMTPIP], Loss Reserve, Solvency and Accounting issues
IRDA has in terms of its Order IRDA/NL/ORD/MPL/277/12/2011 dated 23.12.2011 and IRDA/NL/ORD/MPL/003/01/2012 dated 3rd January, 2012 directed dismantling of the existing IMTPIP with effect from March 31, 2012 and has…