GENERAL KNOWLEDGE

Detailed explanation-1: -[22nd January, 1991.] An Act to provide for public liability insurance for the purpose of providing immediate relief to the persons affected by accident occurring while handling any hazardous substance and for matters connected therewith or incidental thereto.

Detailed explanation-2: -Public Liability Insurance Act, 1991 – An Overview The Public Liability Insurance Act, 1991 (the Act) was brought into effect to provide immediate relief and support to those affected by any accident while working/ dealing with hazardous substances at the workplace.

Detailed explanation-3: -Public Liability Insurance Act, 1991 is to provide the compensation for damages to victims of an accident of handling any hazardous substance or, it is also calls, to save the owner of production/storage of hazardous substance from hefty penalties. This is done by proving compulsory insurance for third party liability.

Detailed explanation-4: -Short title and commencement.-(1) This Act may be called the Public Liability Insurance Act, 1991.” (2) It shall come into force on such date1 as the Central Government may, by notification, appoint.tc “(2) It shall come into force on such date1 as the Central Government may, by notification, appoint."