Which one of the following statements is incorrect ?

A The Public Liability Insurance Act was enacted to provide immediate relief to the victims of an accident involving a hazardous substance

B The Public Liability Insurance Act imposes ‘no fault’ liability upon the owner of the hazardous substance and requires the owner to compensate the victims irrespective of any neglect or default on his part.

C The Public Liability Insurance Act, does not provide for maximum compensation for injury or death of the victims

D The Public Liability Insurance Act obligates every owner to take out an insurance policy covering potential liability from an accident