Page 130 - Motor Insurance Ebook IC 72

The Insurance Times

only for social, domestic and pleasure purposes and
for the Insured's own business. The Policy does not
cover the use for hire or reward or for organized
racing, peacemaking, reliability trials, speed testing,
the carriage of goods (other than samples) in
connection with any trade or business or use for any
purpose in connection with Motor Trade."

b) Driver's Clause - This clause under the policy reads
as under:
Driver: Any person including Insured - provided
that the person driving is holding an effective Driving
licence at the time of accident and is not disqualified
from holding or obtaining such a licence, Provided
also that the person holding an effective learner's
license may also drive the vehicle and such a person
satisfies the requirements of Rule 3 of the Central
Motor Vehicles Rules, 1989.

Q 16. DefineArbitration.
Ans: All disputes on quantum on claim shall be referred to

decision of sole arbitrator appointed by the parties to
the dispute in writing within 30 days of invocation of
Arbitration by any party. If they are unable to agree on
sole arbitrator then panel of three arbitrators to be
appointed-one each by each party to the dispute and
the third by the two arbitrators.

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