Section 146 and 147 of the m.v.act
Vishwanath
(Querist) 03 February 2014
This query is : Resolved
Dear All,
Sec 146 of tge M.V.Act makes third party insurance mandatory for all vehicles. And as per sec 147 the Insurers send intimation for cancellation of a cover note/policy to the Insured as well as the RTO so that the RTO initiates appropriate action against such offending owner of the vehicle. It is only in the light of the mandatory provisions of thr M.V.Act that the Insurer sends these intimations to the RTO. Should these intimations be maintained by the RTO as a part of his records? If the Insurers have not complied with sending these intimations to the RTO, does it not amount to a lapse on the part of the RTO in enforcing the provisions of the M.V.Act?
Regards,
Vishwanath
Vishwanath
(Querist) 07 May 2014
When a vehicle meets with an accident and is irreparable, the insurer settles the claim on total loss basis and cancels the policy.The Insurer is required by law to intimate the registered owner as well as the RTO of such cancellation of the policy.
