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A draft bill for capping the compensation of the motor third party liability

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Magazine Issue: 
2015: the necessary regulation [3]
Magazine date: 
Feb 2015

Insurers could soon succeed in capping the motor third party liability.

The Ministry of Road Transport has tabled a draft bill containing an amendment that would cap the compensation to 24.200 USD. These are now calculated by the Motor Accident Claim Tribunal (MACT) without a cap.

The bill also includes tougher penalties in case of lack of insurance and road traffic breach in order to reduce road non-compliance behavior and increase the insurers’ income.

Mon, 02/03/2015 - 09:22

Source URL: https://www.atlas-mag.net/en/article/a-draft-bill-for-capping-the-compensation-of-the-motor-third-party-liability

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[3] https://www.atlas-mag.net/en/issue/2015-the-necessary-regulation