Page 110 - Motor Insurance Ebook IC 72

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or the MV Act permits the same. For example,
under section 147 of the Act, it is necessary to
compulsorily cover Owner of Goods being carried
in goods carrying vehicle.

Q 5. What is the information contained in the
"Schedule" of the policy?

Ans: The schedule contains the following information:
The policy No, Insurer, The Insured Name, address,
Business or profession, The period of Insurance: from
time and date to Midnight date

The motor vehicle: Its Registration Mark, Engine &
Chassis Nos. Make, Type of Body, Capacity, and year

Geographical area, Limits of liability: For injury or
death: as decided by the court, For property damage:
Rs. 6000/- per accident.

Limitations as to Use: This depends on the
category of vehicle and will differ accordingly as
follows: an example: Stage carriage/Contract
Carriage/Goods Carriage/Use only under a permit
within the meaning of the MV Act 1988 or such a
carriage falling under sub-section (3) of the MV Act
1988. The policy does not cover use for a)
Organized racing b) Speed testing

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