Insurer quota changed to a flexible cap, enabling designation of fewer entities under the nationalisation regime. The amendment substitutes the previous fixed mandate requiring exactly four designated companies with a ceiling-based formulation permitting designation of up to four companies, thereby allowing the authority to designate fewer insurers while maintaining an upper limit under the nationalisation framework.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Insurer quota changed to a flexible cap, enabling designation of fewer entities under the nationalisation regime.
The amendment substitutes the previous fixed mandate requiring exactly four designated companies with a ceiling-based formulation permitting designation of up to four companies, thereby allowing the authority to designate fewer insurers while maintaining an upper limit under the nationalisation framework.
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