Question

What does the new Section 163A of the Motor Vehicles Act provide for?

a.

Full and final settlement of compensation for victims of fatal injuries in motor vehicle accidents.

b.

Ongoing and variable compensation for victims of fatal injuries in motor vehicle accidents.

c.

Complicated and lengthy settlement process for victims of fatal injuries in motor vehicle accidents.

d.

No compensation for victims of fatal injuries in motor vehicle accidents.

Answer: (a).Full and final settlement of compensation for victims of fatal injuries in motor vehicle accidents. Explanation:The new Section 163A of the Motor Vehicles Act provides for fixed compensation to be paid to victims of fatal injuries in motor vehicle accidents, based on their age and income, as a full and final settlement.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What does the new Section 163A of the Motor Vehicles Act provide for?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is the primary purpose of the Marine Insurance Act, 1963?

Q. In addition to the Marine Insurance Act, 1963, which law defines the responsibilities, liabilities, rights, and immunities of a ship-owner in respect of loss or damage to cargo carried?

Q. What does The Carriage of Goods by Sea Act, 1925, primarily deal with?

Q. What character does the Bill of Lading have according to the Bill of Lading Act, 1885?

Q. When did the Railways Act, 1989, come into effect?

Q. What does the Railways Claims Tribunal Act, 1987, provide for?

Q. What does The Carriers Act, 1865, define?

Q. What is the purpose of The Carriers Act, 1865?

Q. When did the Workmen’s Compensation Act, 1923, come into force?

Q. What is the objective of the Workmen’s Compensation Act, 1923?

Q. What benefits does the Employees’ State Insurance Act, 1948, provide to employees?

Q. What is the purpose of the Employees’ State Insurance Corporation under the Employees’ State Insurance Act, 1948?

Q. What is the main focus of the Employees’ State Insurance Act, 1948?

Q. What expenses are covered by the fund maintained under the Employees’ State Insurance Act, 1948?

Q. What is the primary purpose of the Public Liability Insurance Act, 1991?

Q. What relief is provided under the Public Liability Insurance Act, 1991, for fatal accidents?

Q. What is the maximum reimbursement of medical expenses provided under the Public Liability Insurance Act, 1991?

Q. Under the Public Liability Insurance Act, 1991, when is the owner liable to provide relief for accidents involving hazardous substances?

Q. What relief is provided under the Public Liability Insurance Act, 1991, for total permanent disability?

Q. What relief is provided for loss of wages due to temporary partial disability under the Public Liability Insurance Act, 1991?

Recommended Subjects

Are you eager to expand your knowledge beyond IC 14 Regulations of Insurance Business? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!