MOTOR VEHICLES (THIRD PARTY INSURANCE) ACT

Section 19: Deposits.

1950Section 19 of 23Federal Republic of Nigeria

Where a sum is deposited by any person under the provisions of section 5 of this Act or as a condition of approval by the Minister under the provisions of section 6 or section 7 of this Act, neither that sum nor any part thereof shall, so long as any liability being a liability required to be covered by a policy of insurance under this Act which has been incurred by such person remain undischarged or otherwise unprovided for, be applicable in discharge of any other liabilities incurred by such person.

Cite this section

Section 19, MOTOR VEHICLES (THIRD PARTY INSURANCE) ACT (1950).

https://repo.podus.ai/laws/motor-vehicles-third-party-insurance-act/section/19/