Insurers Cannot Repudiate a Contract If Exclusion Clauses Aren’t Disclosed To The Insured As Per IRDA Regulations: SC

On Wednesday, the Supreme Court warned all insurance companies that if they don’t mandatorily comply with clauses 3 and 4 of the Regulatory and Development Authority (Protection of Policy Holder’s Interests, Regulation 2002) Act (the IRDA) then their right to repudiate an insurance contract by taking recourse of any conditions/terms will be taken away. It

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