In­sur­ers, FRSC part­ner on in­sur­ance en­force­ment

Daily Trust - - BUSINESS - From Chris Agabi, La­gos

The Nige­rian In­sur­ers As­so­ci­a­tion (NIA) and the Federal Road Safety Com­mis­sion (FRSC) have an­nounced a part­ner­ship to en­force the com­pul­sory third party mo­tor ve­hi­cle in­sur­ance pol­icy across the coun­try.

The third mo­tor ve­hi­cle in­sur­ance en­sures that crash vic­tims have ad­e­quate and prompt med­i­cal at­ten­tion, and own­ers of dam­aged prop­er­ties re­sult­ing from in­sured mo­tor crashes are also com­pen­sated.

Mr. Osita Chi­doka, Corps Mar­shal of the FRSC, pledged the com­mit­ment of his agency to the part­ner­ship dur­ing the of­fi­cial pre­sen­ta­tion of some units of HP Elite Pad 900 by Nige­rian In­sur­ers As­so­ci­a­tion (NIA) to the FRSC to as­sist it in its ver­i­fi­ca­tion of gen­uine in­sur­ance documents of mo­torists on Nige­rian roads. A state­ment from the NIA quoted Chi­doka: The com­mis­sion is work­ing out col­lab­o­ra­tion with rel­e­vant agencies and stake­hold­ers, in­clud­ing the Nige­rian in­sur­ance in­dus­try, through a tech­nol­ogy plat­form that would pro­mote right at­ti­tude of mo­torists and en­sure safety and pro­tec­tion of road users.

“We have one so­lu­tion that has mul­ti­ple facets that would as­sist in guar­an­tee­ing safety of road users and mo­torist, and one of it is the new ve­hi­cle plate num­ber which when con­cluded will help sev­eral agencies key in to make the roads safer and se­cure for the Nige­rian people. “In­sur­ance in­dus­try in Nigeria has come of age be­cause they have be­come more re­spon­sive to their obli­ga­tions, so med­i­cal bills of crash vic­tims should no longer be an is­sue, while crash ve­hi­cles also will no longer be aban­doned on the roads, be­cause in­sur­ance com­pa­nies will pick the bill once the in­sur­ance is es­tab­lished.

“A sit­u­a­tion where hos­pi­tals or doc­tors re­ject crash vic­tims or deny them treat­ment is over be­cause the in­sur­ance com­pa­nies will pay.”

The corps mar­shal, how­ever, warned the in­sur­ance com­pa­nies against re­fus­ing to pay claims to vic­tims of ac­ci­dent, say­ing, their re­fusal would lead them to face the law.

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