MOTOR ACCIDENT CLAIMS AND COMPENSATION
Jagendra Rana
Nov 2022 · Blue Rose Publishers
I-Ebook
273
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Insurance is a contract whereby one party agrees to compensate the loss or discharge the liability of another person. And in case of motor insurance in India, this also includes the loss suffered by third person. Motor insurance and all third-party rights and liabilities with respect to it are covered by Motor Vehicle Act 1988. It is a mandate, provided by legislature under section 146, to not to use any vehicle in public place without a valid third-party insurance. The Motor Vehicles (Amendment) Act, 2019 have wholly replaced Chapter XI of the Motor Vehicles Act, 1988 which dealt with insurance of motor vehicles against third party risks. The Central Motor Vehicles (Fifth Amendment) Rules, 2022 lay down a new procedure for expeditious investigation and adjudication of the Motor Accident Claims. The new Rules have revolutionized the motor accide
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Jagendra Rana graduated in LL.B from University Studies in Law, University of Rajasthan, Jaipur in 1980 with a Fellowship from Insurance Institute of India Mumbai in 1992. Jagendra Rana is an insurance veteran with a versatile experience of General and Life Insurance. He has been a CEO of a Broking firm and Corporate Head of training in a General Insurance Co. He carries with him 40 years of experience in the Insurance Industry of various top positions. He was conferred with the S.K. Desai Memorial Award for his Research Papers two times by III Mumbai. He was also a resource person in the International Seminar on Insurance Frauds conducted by Osmaniya University, Hyderabad.
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