Question

What happens if the victim proceeds against a wrongdoer on the basis of negligence in suits, and the compensation awarded is higher than the No Fault basis compensation?

a.

No deduction is made, and the victim receives both compensations in full.

b.

The No Fault basis compensation is deducted from the negligence-based compensation.

c.

The negligence-based compensation is reduced to match the No Fault basis compensation.

d.

The victim is not allowed to proceed against a wrongdoer on the basis of negligence.

Posted under IC 14 Regulations of Insurance Business

Answer: (b).The No Fault basis compensation is deducted from the negligence-based compensation. Explanation:If compensation awarded on a negligence basis is higher than the No Fault basis compensation, the latter amount will be deducted from the former.

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Q. What happens if the victim proceeds against a wrongdoer on the basis of negligence in suits, and the compensation awarded is higher than the No Fault basis compensation?
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