Important Points for IC 72 - Motor Insurance Exam

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  • Section 7 contains provisions for restrictions on the granting of learners licences for certain vehicles.
  • Section 13: The licence shall be effective throughout India
  • The Motor Vehicles (Amendment) Bill, 2008 seeks to amend the Principal Act by: i. Enhancing fines, ii. Devolving greater powers to state governments to regulate road transport, iii. Streamlining provisions dealing with the payment of compensation to road accident victims, and iv. Prescribing a time bound process for disposal of appeals
  • Partners have insurable interest in the motor vehicle as per the partnership provisions.
  • In case of private cars, driving license of persons above the age of 50 years would be renewed for a period of five years at a time on payment of prescribed fees.

Motor Insurance Exam

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