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The Motor Vehicles Act, 1988

157. 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.
  2. The transferee shall apply within fourteen days from the date of transfer in the prescribed form to the insurer for making necessary changes in  regard to  the fact  of transfer  in  the  certificate  of insurance and  the policy  described in  the certificate in his favour and the  insurer shall  make the  necessary changes in the certificate and the policy of insurance in regard to the transfer of insurance.

Motor Vehicles Act, 1988 Back

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