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Further to the October 27, 2023, notification issued by IRDAI providing directions as regards the arbitration clause in general insurance policies, IRDAI has clarified that risk contracts such as fire...
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Further to the October 27, 2023,1 notification issued
by IRDAI providing directions as regards the arbitration clause in
general insurance policies, IRDAI has clarified that risk contracts
such as fire, motor, engineering, workmen's compensation, and
other classes of insurance business must be governed by the
aforementioned notification.2
Footnotes
1. Circular dated October 27, 2023.
IRDAI/NL/CIR/MISC/188/10/2023
2. Notification dated January 22, 2024. F. No. IRDAI/Gen
Insurance/Tariff/1/195/2024
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