https://www.taxtmi.com/caselaws?id=113172 An insurer that accepts an Insurance Ombudsman's award cannot implement it selectively or later rely on grievance rules or an administrative circular to avoid compliance; the award directing renewal of a mediclaim policy with continuity is binding. Where the Ombudsman further clarifies that pro rata premium is to be collected for the intervening period, the insurer must take that premium, treat the policy as continuous from the directed date, and process admissible claims arising in that interval. The operative effect is full compliance with the Ombudsman's directions, including payment of admissible claims with interest. en-us Thu, 09 Sep 2010 00:00:00 +0530 Wed, 24 Sep 2014 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113172 An insurer that accepts an Insurance Ombudsman's award cannot implement it selectively or later rely on grievance rules or an administrative circular to avoid compliance; the award directing renewal of a mediclaim policy with continuity is binding. Where the Ombudsman further clarifies that pro rata premium is to be collected for the intervening period, the insurer must take that premium, treat the policy as continuous from the directed date, and process admissible claims arising in that interval. The operative effect is full compliance with the Ombudsman's directions, including payment of admissible claims with interest. Case-Laws Companies Law Thu, 09 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113172