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Report No. 85

3.50. Position in Nordic countries.-

For example, in many Nordic countries,1 the liability of the company to pay under a motor vehicle accident policy is limited to maximum amount, either as regards personal injury or as regards property or as regards both. The limits have been gradually increased in step with the inflation and with the general rise in the standard of living. By way of illustration, we may set out the limits in some of the Nordic countries which are understood to be as follows:

For each person injured For all damage to property in the same accident
National Currency U.S. Dollars (Approx.) National Currency U.S. Dollars(Approx.)
Finland (No limit) (No limit) 250,000 59,500
Norway 200,000 28,000 100,000 14,000
Sweden 1000,000 193,500 1000,000 193,500
(Before 1st January, 1970)
In Sweden, there is no limit as to compensation for personal injury after 1970.
Denmark 150,000 20000 120,000 16,000

1. Gomard Compensation for Automobile Accidents, (1970) 18 AJCL 80.



Claims for Compensation under Chapter 8 of the Motor Vehicles Act, 1939 Back




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