Rights of third party in motor vehicle accidents
When a motor vehicle accident occurs, the parties that are involved are the injured third party, the tortfeasor, the insurance company and the Motor Insurers' Bureau(MIB). The person who suffers most is the third party and therefore, it is important to provide adequate compensation to him....
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/64267 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | When a motor vehicle accident occurs, the parties that are
involved are the injured third party, the tortfeasor, the
insurance company and the Motor Insurers' Bureau(MIB). The
person who suffers most is the third party and therefore, it
is important to provide adequate compensation to him. This
adequate compensation arises from the rights that the third
party has against those parties related to the motor
accident.
The purpose of this study is to determine the rights of the
third party involved in a motor accident against the
tortfeasor, motor insurer and the MIB. The study is based
mainly on literature review and interviews. The interviews
were conducted with Singapore Insurance Institute, MIB and a
lawyer.
In Singapore, it can be seen that the rights of the third
party is protected adequately in a motor vehicle accident.
However, fur.ther improvements can be made to the present
system to provide greater coverage of protection to the third
party. |
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