2022-05-11 | 29485

Enrolment 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.

Trinidad and Tobago

Central Bank of Trinidad and Tobago

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Insurance Sector Enrolment in Alternative Dispute Resolution Scheme, section 250A of the IA, 2018 Share