The Insurance Regulatory and Development Authority of India (IRDAI) on January 08, 2024, issued the notification regarding the Compliance with MoRTH notifications in view of the Motor Vehicles (Amendment) Act, 2019.
The following has been stated namely: -
• The Ministry of Road Transport and Highways (MoRTH) published the following notifications on February 25, 2022.
1. G.S.R. 162 (E) - Central Motor Vehicles (Motor Vehicle Accident Fund) Rules, 2022
2. G.S.R. 163 (E) - Compensation to Victims of Hit and Run Motor Accidents Scheme, 2022
3. G.S.R. 164 (E) - Central Motor Vehicles (Fifth Amendment) Rules, 2022 – Procedure for Investigation of Motor Vehicle Accidents
• All the General Insurers, carrying on the Motor Insurance business, shall note their roles and responsibilities and strictly comply with the provisions of the above notifications. Necessary arrangements be made by the insurers for the smooth implementation of the procedures laid down in the above-cited notifications.
[Notification No. IRDAI/NL/CIR/MOTOR/2/1/2024]
