MTPL Motor insurace Claims management
Posted: Sat Oct 24, 2020 1:00 pm
Could someone offer me some insight in the manner in which in the case of road accident the claim is handled in the US?
In Europe we have a different system of claims management/adjusting/handling in case of road events.
I am trying to find the legislation that governs the relationship between the insurer-claim representative-TP.
How does a company become a claim representative for an insurer in the US?
Does the Company have to be registered to a certain authority, does it have to comply to certain rules similar to the ones provided by Internal regulation of CoB?
Moreover how does the process of claims handling go?
Any help clearing up these issues would be highly appreciated.Up until now I had little luck finding relevant information for the above questions.
In Europe we have a different system of claims management/adjusting/handling in case of road events.
I am trying to find the legislation that governs the relationship between the insurer-claim representative-TP.
How does a company become a claim representative for an insurer in the US?
Does the Company have to be registered to a certain authority, does it have to comply to certain rules similar to the ones provided by Internal regulation of CoB?
Moreover how does the process of claims handling go?
Any help clearing up these issues would be highly appreciated.Up until now I had little luck finding relevant information for the above questions.