Page 260 - Motor Insurance Ebook IC 72

The Insurance Times

owned by private company with a request for
A.A. Membership discount.
Ans. (a) Endorsement No.26 does not cover the loss of or
damage to tyre. However by paying extra premium
it can be covered under IMT 74

(b) No additional cover /extra benefit can be granted
under an Act Policy. PA. cover to the owner can be
granted in Conjunction with B Policy only.

(c) It is not permissible as per the Motor Tariff to issue
Policies in joint names. The financier's interest can
be protected in the Policy be way of endorsement.

(d) The A.A. Membership discount cannot be allowed
on vehicles owned by firms or companies as it is
available only for vehicles owned by individuals and
joint owners.

Q 11. Discuss the insurer's liability under Standard
Motor Policies 'B' for following claims.
a) Loss of horn by theft from a motor cycle.
b) Accident damage to an ornamental hub-cap of
a private car.
c) Damage to the cabin due to an accident to a
public carrier, the estimated repair cost of
which is Rs.1475/-.

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