Page 10 - The Motor Vehicles Act, 1988

(x) CONTENTS

CHAPTER XI
INSURANCE OF MOTOR VEHICLES AGAINST THIRD PARTY RISKS
145. Definitions...............................................................................................................108
146. Necessity for insurance against third party risks............................................109
147. Requirement of policies and limits of liability..................................................110
148. Validity of policies of insurance issued in reciprocating countries .............111
149. Settlement by insurance company and procedure therefor ..........................111
150. Duty of insurers to satisfy judgments and awards against persons
insured in respect of third party risks .................................................................. 112
151. Rights of third parties against insurers on insolvency of insured ................... 113
152. Duty to give information as to insurance ............................................................ 114
153. Settlement between insurers and insured persons ............................................ 115
154. Saving in respect of sections 151, 152 and 153 .................................................... 116
155. Effect of death on certain causes of action ........................................................... 116
156. Effect of certificate of insurance ............................................................................ 116
157. Transfer of certificate of insurance ....................................................................... 116
158. Production of certain certificates, licence and permit in certain cases............. 117
159. Information to be given Regarding accident....................................................... 117
160. Duty to furnish particulars of vehicle involved in accident.............................. 118
161. Special provisions as to compensation in case of hit and run motor
accident .................................................................................................................... 118
162. Scheme for golden hour ......................................................................................... 119
163. Refund in certain cases of compensation paid under section 161 .................... 119
164. Payment of compensation in case of death or grievous heart .......................... 119
164A. Scheme for interim relief for claimants ................................................................ 120
164B. Motor Vehicle Accident Fund ................................................................................ 120
164C. Power of Central Government to make rules ...................................................... 121
164D. Power of State Government to make rules .......................................................... 123
CHAPTER XI
INSURANCE OF MOTOR VEHICLES AGAINST THIRD PARTY RISKS
145. Definitions ............................................................................................................... 123
146. Necessity for insurance against third party risk................................................. 124
147. Requirements of policies and limits of liability .................................................. 124
148. Validity of policies of insurance issued in reciprocating countries ................. 125
149. Duty of insurers to satisfy judgments and awards against persons
insured in respect of third party risks .................................................................. 126
150. Rights of third parties against insurers on insolvency of the insured ............. 127
151. Duty to give information as to insurance ............................................................ 128
152. Settlement between insurers and insured persons ............................................ 129
153. Saving in respect of sections 150, 151 and 152 .................................................... 129
154. Insolvency of insured persons not to affect liability of insured or
claims by third parties............................................................................................ 129