THIRD PARTY RISK
' ■ j r « v . - : » \ V • w* COMPULSORY INSURANCE ? , > ■ . . (United Prow Association—By Electr** ; -. Telegraph—Copyright). -vV (Received this day at 1.5 'p.m.i ' ;. :V;V ' LONDON, October 22. The Ministry of Transport has .drafted- 'a scheme of compulsory in- - . SuranCe; against third part;'- risk for : iconididdrationl, of ■ raoL : oring' organisations. > . /. •The • main features are that cvciy ..-•wdriver. | is-liable to be stopped by a policeman and ordered; to-produce .an • >-insurance certificate just as they are now, liable to be ordered to produce a driving. licenses'. 1 •*" ! 1 Certificates of exemption are oh* bbdie* who prove their ability to meet. da4msv ; - -r---" . Secondly, insurance companies underwriter*. must/ satisfy the Ministry of their ability to pay claims, Only approvedunderwriters who deposit £2003 sterling or insurance organisa- . tionfl ‘depositing £iS,COO will be allowed to undortake third party . .•/risks.: 1 , /:,.- > ■ , •. .■ /' ■
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Hokitika Guardian, 23 October 1929, Page 5
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133THIRD PARTY RISK Hokitika Guardian, 23 October 1929, Page 5
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