Regulatory Alerts2022-05-11 | 29485Enrolment in Alternative Dispute Resolution Scheme under Section 250A of the IA, 2018
The Insurance Regulatory Authority mandates enrolment in the Alternative Dispute Resolution Scheme under Section 250A of the Insurance Act 2018. This directive establishes clear eligibility criteria and procedural requirements for participating insurers to resolve consumer complaints efficiently. Compliance standardizes dispute handling mechanisms while reducing litigation burdens across the insurance sector.
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