Question
According to Motor Vehicles Act an offer of settlement
is accepted by the Claimant then the Insurance company shall pay the amount of compensation in:Solution
Explanation: Section 149. (3) If, the claimant to whom the offer is made under sub-section (2) -- (a) accepts such offer-- (i) the Claims Tribunal shall make a record of such settlement, and such claim shall be deemed to be settled by consent; and (ii) the payment shall be made by the insurance company within a maximum period of thirty days from the date of receipt of such record of settlement.
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