Tolerance up to 5% in the gross vehicle weight :IRDA Advice to motor insurers

By | May 14, 2016

CIRCULAR NO.IRDAI/NL/CIRC/MISC/095/05/2016

 DATED 13-5-2016

This refers to the Ministry of Road Transport and Highways notification dated 7-1-2016, which states that the tolerance up to 5% in the gross vehicle weight and safe axle weight may be allowed for the purpose of compliance to sub-section 3 of section 113 of the Motor Vehicles Act, 1988 (59 of 1988).

The insurers are hereby advised to take a note of the above notification.

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