Liability of insurer in motor vehicle accident

According to sec 157 of M.V.Act Insurance co is liable

Section 157 of the Motor Vehicle Act, 1988, the procedure for transfer of certificate of insurance read as under ;

“157. Transfer of certificate of insurance. – (1) Where a person in whose favour the certificate of insurance has been issued in accordance with the provisions of this Chapter transfer to another person the ownership of the another vehicle in respect of which such insurance was taken together with the policy of insurance relating thereto, the certificate of insurance and the policy described in the certificate shall be deemed to have been transferred in favour of the person to whom the motor vehicle is transferred with effect from the date of its transfer.

[Explanation. – For the removal of doubts, it is hereby declared that such deemed transfer shall include transfer of rights and liabilities of the said certificate of insurance and policy of insurance.]

(2) The transferee shall apply within fourteen days from the date of transfer in the prescribed form to the insurer for making necessary changes in regard to the fact of transfer in the certificate of insurance and the policy described in the certificate in his favour and the insurer shall make the necessary changes in the certificate and the policy of insurance in regard to the transfer of insurance.”

"Mr. x" didn't inform to the insurance co., for the necessary changes in the ownership of vehicle. Does it effect the applicability of sec - 157 in any way? 

Thanks for your reply.

My email id's:

adv.jindaldimple@gmail.com

jindaldimple@gmail.com

Originally posted by : ADVOCATE DIMPLE JINDAL
	"Mr. x" didn't inform to the insurance co., for the necessary changes in the ownership of vehicle. Does it effect the applicability of sec - 157 in any way?

yes..i am also looking for solution of this problem..is sec 157 applicable in this?