This is an Act to provide for compulsory public liability insurance for the purpose of providing immediate relief to the persons affected by accident occurring while handling any hazardous substance and for matters connected therewith or incidental thereto. The Act gives relief on principle of No Fault and prescribes the limits of relief for death, injury, property damage etc.
Insurance Encyclopedia
Act: Water (Prevention and Control of Pollution) Act, 1974
The Central and State Pollution Control Boards are established under this Act. The function of the Board, inter alia, is to control sewage and industrial effluent discharge. The consent of the Board is required to establish any industry which is likely to discharge sewage or trade effluent.
Act: Workmen’s Compensation Act now changed as Employees Compensation Act 2011
The Worker’s Compensation (Amendment) Act, 2009 is now renamed as the Employees’ Compensation (Amendment) Act, 2009 and wherever “workman” or “workmen” is mentioned in the entire Act the same needs to be read as “Employee. (2) The compensation payable on death from the injury, is (i) minimum of Rs. 80000 is increased to Rs. 120000 or (ii) 50% of the monthly wages of deceased multiplied by the relevant factor. (3) The compensation payable on Permanent Total Disablement from the injury, is (i) minimum of Rs. 90000 is increased to Rs. 140000 or (ii) 60% of the monthly wages of deceased multiplied by the relevant factor.
Actio personalis moritur cum persona
A personal action dies with the person,’ meaning that, at common law, a right of action in tort ceases on death of the claimant or defendant. Following the Law Reform (Miscellaneous Provisions) Act 1934, causes of action survive death and keep claims alive on both sides. Liability insurers grant an indemnity to a deceased insured’s legal personal representatives.
Action
A lawsuit involving the right of one party to recover from another person in a court of law.
Action Ex Contractu
An action or lawsuit based on breach of a promise made in a legal contract. The promise may be expressed or implied.
Action Ex Delicto
An action in tort involving damages demanded for a breach of a duty.
Action over claim
In workers compensation, a demand by a third party in a subrogation action suing for damages from the employer.
Active
1. In business, producing profit or interest (active funds). 2. In insurance, may refer to a group or individual member or subscriber’s status that is currently in effect.
Active breaches of utmost good faith
Actual statements that convey false or misleading information relating to a material fact. Innocent misrepresentation is the unintentional misrepresentation of a material fact; fraudulent misrepresentation is deliberate. See Utmost Good Faith.