101. Insolvency of insured persons not to affect liability of insured or claims by third parties.
- Where a certificate of insurance has been issued to the person by whom a policy has been effected, the happening in relation to any person insured by the policy of any such event as is mentioned in sub-section (1) or sub-section (2) of section 97 shall, notwithstanding anything in this Chapter, not affect any liability of that person of the nature referred to in clause (b) of sub-section (1) of section 95; but nothing in this section shall affect any rights against, the insurer conferred under the provisions of sections 97, 98 and 99 on the person to whom the liability was incurred.
