The Motor Vehicles Act, 1988
148. Validity
of policies of insurance issued in reciprocating countries.
Where, in
pursuance of an arrangement between India and any reciprocating country, any
motor vehicle registered in the reciprocating country operates on any
route or within any area common to the two countries and there is in force in
relation to the use of the vehicle in the reciprocating country, a policy
of insurance complying with the requirements of the law of insurance in
force in that country, then, notwithstanding anything contained in section 147
but subject to any rules which may be made under section 164 such policy of
insurance shall be effective throughout the route or area in respect of which,
the arrangement has been made, as if the policy of insurance had complied with
the requirements of this Chapter.