Page 354 - Motor Insurance Ebook IC 72

The Insurance Times

i) The vehicle is not undergoing repairs as a result of
an event giving rise to a claim under the policy;

ii) Previous notice in writing has been given to the
Company;

iii) The Certificate of Insurance has been returned to
the Company.

iv) The period of suspension shall not extend beyond
12 months from the original expiry date of the policy.
Concession for Vehicles Laid Up apply to all classes
of vehicles except Trailers and Vehicles used for
hire or reward or for Motor Trade purpose, except
when the permits for vehicles are temporarily
withheld or suspended by government.

Form of Concession - The concession may be available
in the following form: se of suspension of whole cover
under the policy -
a) The liability of the insurance Company may be

suspended and a pro-rata return of premium for the
period during which the policy is suspended may be
credited to the insured after charging a sum of Rs.
5 for this concession. The return of premium is
allowed only as a credit to be deducted from the
next renewal premium and not as a cash refund; or

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