KG2PG

Q1: 1. What is the minimum amount of liability coverage required for third party risks under Section 147 of The Motor Vehicles Act, 1988?

Q2: 2. Which of the following vehicles must have insurance coverage against third party risks as per Section 147 of The Motor Vehicles Act, 1988?

Q3: 3. In case of an accident involving a motor vehicle and a third party, who is responsible for providing compensation as per Section 147 of The Motor Vehicles Act, 1988?

Q4: 4. What is the penalty for driving a motor vehicle without valid insurance coverage as required by Section 147 of The Motor Vehicles Act, 1988?

Q5: 5. Which document serves as proof of valid insurance coverage against third party risks under Section 147 of The Motor Vehicles Act, 1988?

Q6: 6. What happens if a motor vehicle owner fails to renew their insurance policy as required by Section 147 of The Motor Vehicles Act, 1988?

Q7: 7. Who determines the premium rates for insurance coverage against third party risks under Section 147 of The Motor Vehicles Act, 1988?

Q8: 8. In a hit-and-run case, how does insurance coverage against third party risks under Section 147 of The Motor Vehicles Act, 1988 come into play?

Q9: 9. Which type of insurance policy is mandatory for motor vehicles under Section 147 of The Motor Vehicles Act, 1988?

Q10: 10. What is the purpose of the limit of liability set in insurance policies under Section 147 of The Motor Vehicles Act, 1988?

Q11: 11. In a scenario where a motor vehicle causes damage to a third party's property, what does the liability coverage under Section 147 of The Motor Vehicles Act, 1988 encompass?

Q12: 12. How does insurance coverage under Section 147 of The Motor Vehicles Act, 1988 protect the interests of third parties?

Q13: 13. What is the significance of the term "third party" in the context of insurance coverage under Section 147 of The Motor Vehicles Act, 1988?

Q14: 14. How does the concept of "no fault liability" apply in insurance policies under Section 147 of The Motor Vehicles Act, 1988?

Q15: 15. Which entity regulates the implementation of insurance requirements under Section 147 of The Motor Vehicles Act, 1988?

Q16: 16. In case of a dispute regarding insurance coverage under Section 147 of The Motor Vehicles Act, 1988, where can the parties seek resolution?

Q17: 17. Which factor determines the premium amount for insurance coverage under Section 147 of The Motor Vehicles Act, 1988?

Q18: 18. What action can be taken against a motor vehicle owner who provides false information while obtaining insurance coverage under Section 147 of The Motor Vehicles Act, 1988?

Q19: 19. How does the "indemnity principle" apply to insurance coverage under Section 147 of The Motor Vehicles Act, 1988?

Q20: 20. What is the role of the insurance company in settling claims related to third party risks under Section 147 of The Motor Vehicles Act, 1988?

Q21: 21. How does insurance coverage under Section 147 of The Motor Vehicles Act, 1988 benefit a victim who sustains injuries in a motor vehicle accident?

Q22: 22. What steps can a third party take if they are involved in an accident with an uninsured vehicle under Section 147 of The Motor Vehicles Act, 1988?

Q23: 23. How does the "pay as you drive" concept align with insurance requirements under Section 147 of The Motor Vehicles Act, 1988?

Q24: 24. Who bears the financial responsibility for legal costs in case of a lawsuit resulting from a motor vehicle accident under Section 147 of The Motor Vehicles Act, 1988?

Q25: 25. How does the concept of "vicarious liability" apply to insurance coverage under Section 147 of The Motor Vehicles Act, 1988?

Score Summary