Page 305 - Motor Insurance Ebook IC 72

Guide for Motor Insurance

general insurance underwritten by them in the financial
year.

Underwriting of business: Underwriting offices of
insurers shall follow the underwriting instructions for
the General Insurance Council in the matter of
procedures for underwriting documentation and
accounting and settlement of balances.

The business shall be underwritten at rates and terms
and conditions of cover as notified by the Authority from
time to time. No vehicle owner shall be denied third
party insurance cover in respect of his vehicle which is
holding a valid permit for use on public roads except on
grounds of attempted fraud.

Claims processing and settlement: All claims in
respect of third party death or injury of physical damage
shall be processed for settlement in a speedy and efficient
manner in accordance with the instructions of the
General Insurance Council. For this purpose, the
Council shall adopt a pro-active claims settlement policy
adopting the most efficient claims processing practices
possible.

Administration for the Pooling arrangement: The
GIC shall act as the administrator of the pooling

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