law: The Inland Vessels Act, 2021
  73. Powers of Central Government to make rules for Chapter XII.-
  The Central Government shall, by rules made in this behalf, specify the terms, conditions and procedures to be complied with by the insurers and insured including-
  (a) cover note of insurance and its validity;
  (b) rights and duties of the insured;
  (c) procedures and processes involved in processing of claims;
  (d) duties and obligations of the insurers to satisfy the judgments and awards;
  (e) rights of claimants, liability of the insured and the insurers in special circumstances such as the insured becomes insolvent and the procedures to be followed;
  (f) procedures, processes and minimum terms of conditions for the settlement between the insurers and insured persons;
  (g) procedures to be followed in the transfer of certificate of insurance; and
  (h) such other matters directly or indirectly related to insurance of mechanically propelled vessels, for the purposes of effective implementation and administration of this Chapter.