Question:
Who is the second party in case of Motor Vehicle Insurance?
Who is the second party in case of Motor Vehicle Insurance?
Updated On: Dec 16, 2024
- Insurer
- Insured
- Nominee
- Bank
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The Correct Option is B
Solution and Explanation
In motor vehicle insurance, the insured is the second party. The insured is the person or entity who purchases the policy and is covered against losses or damages as specified in the policy.
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