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    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:
    A 90 days from settlement Correct Answer Incorrect Answer
    B 60 days from settlement Correct Answer Incorrect Answer
    C 30 days from settlement Correct Answer Incorrect Answer
    D 10 days from settlement Correct Answer Incorrect Answer
    E As per the terms and conditions of settlement Correct Answer Incorrect Answer

    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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