151 Duty of insurers or persons giving security to satisfy judgment against persons insured or secured against third-party risks

151  Duty of insurers or persons giving security to satisfy judgment against persons insured or secured against third-party risks

(1)     This section applies where, after [a policy [is issued] for the purposes of this Part of this Act,] a judgment to which this subsection applies is obtained.

(2)     Subsection (1) above applies to judgments relating to a liability with respect to any matter where liability with respect to that matter is required to be covered by a policy of insurance under section 145 of this Act and either—

(a)     it is a liability covered by the terms of the policy . . . . . ., and the judgment is obtained against any person who is insured by the policy . . ., or

(b)     it is a liability, other than an excluded liability, which would be so covered if the policy insured all persons . . . and the judgment is obtained against any person other than one who is insured by the policy . . ..

(3)     In deciding for the purposes of subsection (2) above whether a liability is or would be covered by the terms of a policy . . ., so much of the policy . . . as purports to restrict. . . the insurance of the persons insured by

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