Under the Motor Vehicles Act, 1988, after insolvency of insured, agreements with insurer:
Under s.153(3), agreements between insurer and insured entered after the insured's insolvency cannot defeat or affect the third party's rights, rather than overriding or…
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Under the Motor Vehicles Act, 1988, after insolvency of insured, agreements with insurer:
Answer and explanation
Correct answer D
Under s.153(3), agreements between insurer and insured entered after the insured's insolvency cannot defeat or affect the third party's rights, rather than overriding or binding them.
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