Amendment status not verified — confirm the current text below against the official source.
Duty of insurers to satisfy judgments and awards against persons insured in respect of third party risks. - (1) if, after a certificate of insurance has been issued under sub-section (3) of section 147 in favour of the person by whom a policy has been effected, judgement or award in respect of any such liability as is requirement to be covered by a policy under clause (b) of sub-section (1) of section 147 (being a liability covered by the terms of the policy) 91[or under the provisions of section 163 - A] is obtained against any person insured by the policy, then, notwithstanding that the insurer may be entitled to avoid of cancel or may have avoided or cancelled the policy, the insurer shall, subject to the provisions of this section, pay to the person entitled to the benefit of the decree any sum not exceeding the sum assured payable thereunder, as if he were the judgement debtor, in respect of the