https://www.taxtmi.com/article/detailed?id=13028 The Rules create an Insurance Ombudsman system for cost effective resolution of personal and group insurance complaints; a Council issues guidelines and appoints Ombudsmen with prescribed qualifications and three year terms. The Ombudsman handles specified complaint types including claim delays, repudiation, premium disputes and misrepresentation, may mediate or, where mediation fails, issue a reasoned award within three months; awards are binding on insurers and must be complied with within thirty days, with interest for delayed payment. en-us Thu, 17 Oct 2024 13:18:46 +0530 Thu, 17 Oct 2024 13:18:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13028 The Rules create an Insurance Ombudsman system for cost effective resolution of personal and group insurance complaints; a Council issues guidelines and appoints Ombudsmen with prescribed qualifications and three year terms. The Ombudsman handles specified complaint types including claim delays, repudiation, premium disputes and misrepresentation, may mediate or, where mediation fails, issue a reasoned award within three months; awards are binding on insurers and must be complied with within thirty days, with interest for delayed payment. Articles Other Topics Thu, 17 Oct 2024 13:18:46 +0530 https://www.taxtmi.com/article/detailed?id=13028