IRDAI vide circular dated 8th January, 2024 has directed all General Insurers carrying on Motor Insurance Business to strictly comply with the provisions of following laws:
- Central Motor Vehicles (Motor Vehicle Accident Fund) Rules, 2022
- Compensation to Victims of Hit and Run Motor Accidents Scheme, 2022
- Central Motor Vehicles (Fifth Amendment) Rules, 2022 – Procedure for Investigation of Motor Vehicle Accidents
Necessary arrangements be made by the insurers for the smooth implementation of the procedures laid down in the rules.