MOTOR ACCIDENTS
HIT-AND-RUN CASES
INSURANCE AGREEMENT
! "Last nifflit'a "Gazette"' contains the copy of an agreement made between insurance companies and' the Minister p£ Transport for the recognition by insurance companies of the claims by victims of unknown hit-and-run motorists. AH insurance companies accepting premiums for compulsory-third-party in gurance ". hayei agree<£ to. share in any award, made in' such, cases" to injured persons or to "individuals claiming on behalf of injured persons. The lia-' biiity is to exist-only incases in which there would.be liability, if,the motorist were-, identified. Jf.M .... ;.'~
: The agreement; provides.fpr,,;the appointment of one arbitrator each by the claimant ■and Vthe lihderTvriters, and the third,' , a Stipendiary' Magistrate, shall be nominated by the Minister of Transport. .The -award -of two arbitrators shall suffice:" A. limit of £1000 is set on the award, which, may be made tp/anjr one; person, or, tOr.any group of relatives. A. maximum1 of *£500ff is set for distribution iimb'ng unrelated persons involved .in any. one-accident. The expense of .any; award shall be shared anipng the insurance companies jn pro.portion to= the fees'allocated W them for compulsory insurance. '■' ' "l '"' '':"' t
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19311030.2.86
Bibliographic details
Evening Post, Volume CXII, Issue 105, 30 October 1931, Page 9
Word Count
183MOTOR ACCIDENTS Evening Post, Volume CXII, Issue 105, 30 October 1931, Page 9
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