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Core Purpose

Notification of the Motor Vehicles (Third Party Insurance Base Premium and Liability) Amendment Rules, 2024, revising premium figures for vehicle category C1b.

Detailed Summary

G.S.R. 32(E), dated 5th January 2024, issued by the Ministry of Road Transport and Highways: draft rules were published under section 212(1) of the Motor Vehicles Act, 1988 (59 of 1988) via G.S.R. 441(E) dated 14th June 2023 (made available to the public on 15th June 2023), inviting objections within thirty days; after considering the objections received, the Central Government, in consultation with the Insurance Regulatory and Development Authority and exercising powers under section 147(2) of the Motor Vehicles Act, 1988, notifies the Motor Vehicles (Third Party Insurance Base Premium and Liability) Amendment Rules, 2024, amending the principal Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022 (notified via G.S.R. 394(E) dated 25th May 2022), effective from the date of publication; in rule 2, for category C1b, Table II entries under columns (3) and (4) are substituted with "2,371" and "1,134", and Table VII entries under columns (3) and (4) are substituted with "1,539" and "737"; File No. RT-11036/194/2021-MVL; signed by Mahmood Ahmed, Additional Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-06012024-251207 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 27] NEW DELHI, FRIDAY, JANUARY 5, 2024/PAUSHA 15, 1945 MINISTRY OF ROAD TRANSPORT AND HIGHWAYS NOTIFICATION New Delhi, the 5th January, 2024 G.S.R. 32(E).-WHEREAS draft rules further to amend the Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022, were published, as required under sub-section (1) of section 212 of the Motor Vehicle Act, 1988 (59 of 1988), vide notification of the Government of India in the Ministry of Road Transport and Highways, number G.S.R. 441(E) dated the 14th June, 2023 in the Gazette of India, Extraordinary, Part-II, section 3, sub-section (i), inviting objections and suggestions from all persons likely to be affected thereby before the expiry of the period of thirty days from the date on which the copies of the Gazette containing the said notification were made available to the public; AND WHEREAS, copies of the official Gazette in which the said notification was published, were made available to the public on the 15th June, 2023; AND WHEREAS, the objections and suggestions received from the public in respect of the said draft rules have been duly considered by the Central Government; Now, therefore, in exercise of the powers conferred by sub-section (2) of section 147 of the Motor Vehicles Act, 1988 (59 of 1988), the Central Government, in consultation with the Insurance Regulatory and Development Authority, hereby makes the following rules further to amend the Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022, namely:- 1. (1) These rules may be called the Motor Vehicles (Third Party Insurance Base Premium and Liability) Amendment Rules, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022, in rule 2, – (i) in Table II, in the entries relating to category C1b, for the entries under Columns (3) and (4), the following entries shall, respectively, be substituted, namely:- “2,371” and “1,134”. (ii) in Table VII, in the entries relating to category C1b, for the entries under Columns (3) and (4), the following entries shall, respectively, be substituted, namely:- "1,539” and “737”. [F. No. RT-11036/194/2021-MVL] MAHMOOD AHMED, Addl. Secy. Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide notification number G.S.R. 394(E) dated the 25th May, 2022. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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