Section 151 Duty of insurers ... to satisfy judgment against persons insured ... .F22F23C1

it is a liability covered by the terms of the policy F3... F4... , and the judgment is obtained against any person who is insured by the policy F5... , or

it is a liability, other than an excluded liability, which would be so covered if the policy insured all persons F6... and the judgment is obtained against any person other than one who is insured by the policy F7... .

did not know and had no reason to believe that the vehicle had been stolen or unlawfully taken until after the commencement of his journey, and

could not reasonably have been expected to have alighted from the vehicle.

as regards liability in respect of death or bodily injury, any sum payable under the judgment in respect of the liability, together with any sum which, by virtue of any enactment relating to interest on judgments, is payable in respect of interest on that sum,

as regards liability in respect of damage to property, any sum required to be paid under subsection (6) below, and

any amount payable in respect of costs.

where the total of any amounts paid, payable or likely to be payable under the policy F12... in respect of damage to property caused by, or arising out of, the accident in question does not exceed F13£1,200,000, the payment of any sum payable under the judgment in respect of the liability, together with any sum which, by virtue of any enactment relating to interest on judgments, is payable in respect of interest on that sum,

where that total exceeds £1,200,000, the payment of either—

whichever is the less, unless not less than £1,200,000 has already been paid under the policy ... in respect of such damage (in which case nothing is payable).

that amount, in a case where he became liable to pay it by virtue only of subsection (3) above, or

in a case where that amount exceeds the amount for which he would, apart from the provisions of this section, be liable under the policy F15... in respect of that liability, the excess.

is insured by the policy F17... by the terms of which the liability would be covered if the policy insured all persons F18... , and

caused or permitted the use of the vehicle which gave rise to the liability.

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“term-liability-covered-by-the-terms-of-the-policy-or-securityliability covered by the terms of the policy F21...” means a liability which is covered by the policy ... or which would be so covered but for the fact that the insurer is entitled to avoid or cancel, or has avoided or cancelled, the policy ... .