Reliance General Insurance Slapped with Rs2 Crore Penalty for Violating MISP Guidelines and Using Own Employees as Surveyors
Holding Reliance General Insurance Company Ltd guilty of violating motor insurance service provider (MISP) guidelines and appointing in-house employees to asses the loss beyond Rs50,000 under motor insurance, the Insurance Regulatory and Development Authority of India (IRDAI) imposed a penalty of Rs2 crore on the insurer.
Source: moneylife.in
