https://www.taxtmi.com/news?id=14789 Motor third party claims generally proceed through courts when liability is disputed; where liability is undisputed insurers are encouraged to use Lok Adalat and out of court settlement. IRDAI enforces time limits for claim resolution and operates an Integrated Grievance Management System to track complaints. Legislative proposals seek enhanced third party compensation via a structured formula and capped liability for minimum premium policies. Section 140 of the Motor Vehicles Act applies the No Fault principle allowing compensation without proving wrongful act. en-us Fri, 31 Jul 2015 16:59:15 +0530 Fri, 31 Jul 2015 16:59:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14789 Motor third party claims generally proceed through courts when liability is disputed; where liability is undisputed insurers are encouraged to use Lok Adalat and out of court settlement. IRDAI enforces time limits for claim resolution and operates an Integrated Grievance Management System to track complaints. Legislative proposals seek enhanced third party compensation via a structured formula and capped liability for minimum premium policies. Section 140 of the Motor Vehicles Act applies the No Fault principle allowing compensation without proving wrongful act. News - Fri, 31 Jul 2015 16:59:15 +0530 https://www.taxtmi.com/news?id=14789