145Definitions
1[Definitions.--In this Chapter,--
(a) "authorised insurer" means an insurer for the time being carrying on general insurance business in India and granted a certificate of registration by the Insurance Regulatory and Development Authority of India established under section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999) and any Government insurance fund authorised to do general insurance business under the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972);
(b) "certificate of insurance" means a certificate issued by an authorised insurer in pursuance of section 147 and includes a cover note complying with such requirements as may be prescribed, and where more than one certificate has been issued in connection with a policy, or where a copy of a certificate has been issued, all those certificates or that copy, as the case may be;
(c) "grievous hurt" shall have the same meaning as assigned to it in section 320 of the Indian Penal Code (45 of 1860);
(d) "hit and run motor accident" means an accident arising out of the use of a motor vehicle or motor vehicles the identity whereof cannot be ascertained in spite of reasonable efforts for the purpose;
(e) "Insurance Regulatory and Development Authority" means the Insurance Regulatory and Development Authority established under section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999);
(f) "policy of insurance" includes certificate of insurance;
(g) "property" includes roads, bridges, culverts, causeways, trees, posts, milestones and baggage of passengers and goods carried in any motor vehicle;
(h) "reciprocating country" means any such country as may on the basis of reciprocity be notified by the Central Government in the Official Gazette to be a reciprocating country for the purposes of this Act;
(i) "third party" includes the Government, the driver and any other co-worker on a transport vehicle.]
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1. Subs. by Act 32 of 2019, s. 51, for 'CHAPTER XI' (w.e.f. 1-9-2019).
- 145 Definitions
- 146 Necessity for insurance against third party risk
- 147 Requirements of policies and limits of liability
- 148 Validity of policies of insurance issued in reciprocating countries
- 149 Settlement by insurance company and procedure therefor
- 150 Duty of insurers to satisfy judgments and awards against persons insured in respect of third party risk
- 151 Rights of third party against insurers on insolvency of insure
- 152 Duty to give information as to insurance
- 153 Settlement between insurers and insured persons
- 154 Saving in respect of sections 151, 152 and 153
- 155 Effect of death on certain causes of action
- 156 Effect of certificate of insurance
- 157 Transfer of certificate of insurance
- 158 Production of certain certificates, licence and permit in certain cases
- 159 Information to be given regarding accident
- 160 Duty to furnish particulars of vehicle involved in accident
- 161 Special provisions as to compensation in case of hit and run motor accident
- 162 Scheme for golden hour
- 163 Refund in certain cases of compensation paid under section 161
- 164 Payment of compensation in case of death or grevious hurt, etc