Which of the following statements is correct with regard to the territorial jurisdiction of the Insurance Ombudsman?

A. Insurance Ombudsman has national jurisdiction

B. Insurance Ombudsman has state jurisdiction

C. Insurance Ombudsman has direct jurisdiction

D. Insurance Ombudsman operates only within the specified territorial limits

Answer: Option D

Solution(By Examveda Team)

The Ombudsman functions within a set geographical jurisdiction and can entertain disputes relating to partial/total repudiation of claims, delay in settlement of claims, any dispute on the legal construction of the policies in so far as such disputes relate to claims, disputes regarding premium paid or payable in terms of the policy and non-issuance of insurance documents.