New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    When a motor vehicle is transferred in the name of

    another person, certificate of insurance is:
    A Transferred in the name of insurer Correct Answer Incorrect Answer
    B Transferred in the name of new owner. Correct Answer Incorrect Answer
    C Transferred in name of legal representative Correct Answer Incorrect Answer
    D Remains in the name of insured Correct Answer Incorrect Answer
    E Gets cancelled. Correct Answer Incorrect Answer

    Solution

    Motor Vehicles Act  Transfer of certificate of insurance. -- (1) Where a person, in whose favour the certificate of insurance has been issued in accordance with the provisions of this Chapter, transfers to another person the ownership of the motor vehicle in respect of which such insurance was taken together with the policy of insurance relating thereto, the certificate of insurance and the policy described in the certificate shall be deemed to have been transferred in favour of the person to whom  the motor vehicle is transferred with effect from the date of its transfer.

    Practice Next

    Relevant for Exams: