| Duty of insurers to satisfy judgments against persons insured in respect of third-party risks |
| Duty of insurers to satisfy judgments against persons insured in respect of third-party risks |
| 9.—(1) If after a certificate of insurance has been issued under section 4(5) to the person by whom a policy has been effected judgment in respect of any such liability as is required to be covered by a policy under section 4(1)(b) (being a liability covered by the terms of the policy) is obtained against any person insured by the policy then, notwithstanding that the insurer may be entitled to avoid or cancel or may have avoided or cancelled the policy, the insurer shall, subject to this section, pay to the Public Trustee as trustee for the persons entitled thereto any sum payable thereunder in respect of the liability including any amount payable in respect of costs and any sum payable in respect of interest on that sum by virtue of any written law relating to interest on judgments. [Act 26/94]
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