Le gouvernement a donné son feu vert pour la promulgation de cette régulation qui concerne les assurance pour les véhicules.
Cabinet has taken note of the promulgation of the Insurance (Industry Compensation Fund) (Amendment) Regulations 2024 which provide for, inter alia, the following amendments to the Insurance (Industry Compensation Fund) Regulations 2015:
(a) the maximum proportion of the yearly income that the Insurance Industry Compensation Fund (IICF) might use to meet its yearly expenses would be increased from 10 percent to 20 percent;
(b) the statutory period during which a victim of a hit and run road traffic accident could make a claim for compensation from the IICF would be increased from two to five years as from the date of occurrence of the accident;
(c) assistance in kind to persons suffering from personal injury in a hit and run road traffic accident or their heir(s) in the case of the death of the victim; and
(d) the maximum amount of compensation payable to victims of hit and run road traffic accidents would be doubled.
(a) the maximum proportion of the yearly income that the Insurance Industry Compensation Fund (IICF) might use to meet its yearly expenses would be increased from 10 percent to 20 percent;
(b) the statutory period during which a victim of a hit and run road traffic accident could make a claim for compensation from the IICF would be increased from two to five years as from the date of occurrence of the accident;
(c) assistance in kind to persons suffering from personal injury in a hit and run road traffic accident or their heir(s) in the case of the death of the victim; and
(d) the maximum amount of compensation payable to victims of hit and run road traffic accidents would be doubled.
