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General insurance companies have asked the Insurance Regulatory and Development Authority (Irda) to dismantle the “declined risk pool” in third-party (TP) insurance of commercial vehicles.
Irda dismantled the TP motor pool in December 2011 and decided to form a declined pool, effective April 1, 2012. The move let insurers price vehicles based on claims.  |
MY All Agents
Friday, June 27, 2014
Declined risk pool could be on its way out
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