Important Points for IC 72 - Motor Insurance Exam

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  • Where a person is injured without any negligence on his part but as a result of the combined effect of the negligence of two other persons, it is a case of injury by composite negligence.
  • Claims for compensation for liability under the Motor vehicles Act arise out of negligence and fall under the law of torts.
  • The present revised limit of financial authority of Divisional-in-house Conciliatory Committee (DICC) for Motor TP claims is Rs. 10,00,000/-.
  • Three basic principles govern the determination of compensation in injury disablement claims. In case of grave injury, where the brain suffers massive impairment, it is difficult to arrive at a fair compensation in terms of money. The principle of assessability envisages that the award must basically be aconventional figure derived from experience.
  • Motor insurance cover is compulsory as per Section 146 of the Motor Insurance Act.

Motor Insurance Exam

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