B24 PIPD Lecture 1 PDF

B24 PIPD - Lecture 1 - Immediate steps to take - Motor Claims Framework (MCF) - Market Agreement between the Defendant and the insurance companies used to save time and money. Only one insurance company needs to pay the other insurers even though the car may...

B24 PIPD - Lecture 1 - Immediate steps to take - Motor Claims Framework (MCF) - Market Agreement between the Defendant and the insurance companies used to save time and money. Only one insurance company needs to pay the other insurers even though the car may not be at fault. **[Barometers of liability (BOLA)]** - In a chain collision, the Bola agreement applies to 2nd vehicles and then the one subsequent behind the second vehicle. That means that insurance of the car that is directly behind the payment will settle everything. **[However, BOLA does not apply to the claimant]**, and therefore, the defendant may argie contributory negligence by the claimant (I.e the first driver). **[Reporting procedures:]** Bring your vehicle to the reporting centre or authorized workshop within 24 hours. Make an accident report and request for a copy. When to lodge a traffic police report - Options at the lawyer\'s office - The Claimant: When advising client as a potential Claimant: To use Workshops, Lawyers or D-I-Y Own policy (OD claim) or Other driver's policy (third party claim) or Private Settlement The Defendant: Private Settlement Let Insurers handle Repudiation : Reasons for insurers to refuse insurance cover: Driving under influence of alcohol or drugs. Driving an unregistered vehicle or vehicle with prohibited or unapproved modifications Driving with an invalid driving' license Driving with passengers exceeding its legal seating capacity Admitting fault or liability Failing to notify the insurers about the accident or of any proceedings India International Insurance Pte Ltd v Ho Chai Hong Joanne \[2013\] SGDC 193