Page 91 - Motor Insurance Ebook IC 72

Guide for Motor Insurance

Following procedure is adopted:
i) Consent application from parties concerned -

Consent application well in advance is taken from
the applicant, dealing advocates for the parties, and
the insurer is obtained for placing the cases before
the Lok Adalat.

ii) Notice to parties concerned - Notice under
registered post is issued to the applicant and
his advocate and to the iii) Compromise - Efforts
are made to bring the parties to a fair compromise
without coercion or forces and the agreement
arrived at is reduced in writing on the prescribed
form.

iii) Submission of compromise memo to the concerned
Claims Tribunal - The compromise memo is
submitted to the Claims Tribunal for passing the final
order and apportionment of the compensation in
terms of the settlement.

iv) Payment - The insurers are required to deposit the
cheque for the amount agreed with MACT within
specified time from the date of the agreement to
settle. As per current guidelines of G.I.C., only those
cases where claim made to MACT is upto Rs.
500000 are to be considered in the Lok Adalat
sessions.

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