Section 73
Powers of Central Government to make rules for Chapter XII.
About this Act
An Act to promote economical and safe transportation and trade through inland waters, to bring uniformity in application of law relating to inland waterways and navigation within the country, to provide for safety of navigation, protection of life and cargo, and prevention of pollution that may be caused by the use or navigation of inland vessels, to ensure transparency and accountability of administration of inland water transportation, to strengthen procedures governing the inland vessels, their construction, survey, registration, manning, navigation and such other matters connected therewith or incidental thereto.
The Central Government
shall, by rules made in this behalf, specify the terms, conditions and procedures to be complied with by
the insurers and insured including—
(a) cover note of insurance and its validity;
(b) rights and duties of the insured;
(c) procedures and processes involved in processing of claims;
(d) duties and obligations of the insurers to satisfy the judgments and awards;
(e) rights of claimants, liability of the insured and the insurers in special circumstances such as the insured becomes insolvent and the procedures to be followed;
(f) procedures, processes and minimum terms of conditions for the settlement between the insurers and insured persons;
(g) procedures to be followed in the transfer of certificate of insurance; and
(h) such other matters directly or indirectly related to insurance of mechanically propelled vessels, for the purposes of effective implementation and administration of this Chapter.
(a) cover note of insurance and its validity;
(b) rights and duties of the insured;
(c) procedures and processes involved in processing of claims;
(d) duties and obligations of the insurers to satisfy the judgments and awards;
(e) rights of claimants, liability of the insured and the insurers in special circumstances such as the insured becomes insolvent and the procedures to be followed;
(f) procedures, processes and minimum terms of conditions for the settlement between the insurers and insured persons;
(g) procedures to be followed in the transfer of certificate of insurance; and
(h) such other matters directly or indirectly related to insurance of mechanically propelled vessels, for the purposes of effective implementation and administration of this Chapter.