Important Points for IC 72 - Motor Insurance Exam

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  • Non-pecuniary damages: Those damages which are incapable of being assessed by arithmetical calculation.
  • The Court has the discretion to adopt a suitable multiplier, be it higher than the schedule or lesser than it, for good and valid reasons, but shall, however, not exceed 18 at the maximum.
  • Third Party is confined to those persons who are victims and not travelling on the vehicle but are outside the vehicle.
  • A bill of exchange is an instrument in writing containing an unconditional order, directing a certain person to pay a certain sum of money to a certain person.
  • In England the Motor Insurance Bureau takes on responsibility to compensate Third Parties for motor accidents involving vehicles that are uninsured, or untraced.

Motor Insurance Exam

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