(1) The owner or manager of a motor vehicle shall procure personal accident insurance in such a sum as prescribed in favor of the driver, conductor and security personnel of, and other employees serving in, each public motor
vehicle that is involved in operation of the transport service.
(2) If a driver, conductor, security personnel or other employee dies or becomes disabled in an accident of the motor vehicle, he or she himself or his or her nearest successor is entitled to the insured amount payable for that.
(3) If, in the course of operating the transport service without procuring insurance of the driver, conductor and security personnel pursuant to Sub-section (1), a public motor vehicle meets with an accident and any
kind of loss or damage is caused to them due to the accident, the owner or manager of the motor vehicle shall pay the insurance amount as set forth in Sub-section (1) to which they are entitled to them or their successors as
compensation.