November 2021 - Insurance Times

The Supreme Court has asked the Union government to consider withdrawing the exemption from insurance to 1.5 lakh buses owned by state road transport corporations (SRTCs), steeped in heavy losses,…

The Motor Accident Claims Tribunal has directed the owner of a car and an insurance firm to pay Rs.1.03 crore to family members of a Havildar of the Indian Army,…

1. The Authority (IRDAI) had issued circulars ref: IRDA/F&I/CIR/F&A/012/01/2010 dt. 28.01.2010 and IRDA/F&I/CIR/PBDIS/105/05/2011 dt. 27.5.2011 on “Public Disclosures by Insurers”. Guidelines on Periodic Disclosures were also issued by the Authority…

Appointed Actuaries play a pivotal role in functioning of an insurance company. Procedure for appointment of an Appointed Actuary in an insurance company, his/her duties, obligations, powers etc. are prescribed…

1. Insurers maintain separate current accounts with banks at different operational levels, i.e., Branch offices, Controlling offices, Corporate offices, etc., for the purpose of premium collection, management expenses, policy payments,…