The proposed code would introduce contractually enforceable obligations, automatic acceptance of certain claims after 12 months, and expanded protections for vulnerable customers.
The court found that HCF Life's pre-existing condition clauses did not create a significant imbalance, while leaving intact the earlier finding that the terms could mislead consumers.
KIRI says a widening gap between driver expectations, insurer assessments, and review outcomes is driving higher dispute rates in Korea’s motor insurance market.
Australia's High Court ruled that wreck removal claims excluded under Australia's maritime reservations cannot be capped by reclassifying them as property damage.
The demand includes multiple tax additions relating to transfer pricing adjustments, amortisation of investment premium and provisions for doubtful debts.
ICICI Prudential Life's appeal against a Maharashtra GST demand for FY2019 has yielded only partial relief, as the insurer's cumulative tax disputes continue to grow.
