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Friday, June 27, 2014

Declined risk pool could be on its way out

 
General insurance companies have asked the Insurance Regulatory and Development Authority () to dismantle the “” 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. 

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