1.

What do you mean by Mandatory Motor Vehicle Insurance?

Answer»

In India it is mandatory i.e required by Law, for every owner or operator of a Motor Vehicle to take insurance that provides for payment of compensation to a Third Party who dies or suffers injuries due an accident caused by the said motor vehicle. Thus the objective of such a policy is prevention of public liability to protect the general public from any accident that may take place on the road.



Discussion

No Comment Found

Related InterviewSolutions