INSURERS IN BANGLADESH ARE LOBBYING REGULATORS TO MAKE COMPREHENSIVE MOTOR INSURANCE COMPULSORY.

General insurers in Bangladesh have approached the insurance regulator to make first party comprehensive motor vehicle insurance mandatory. General insurers under their trade association have intensify lobbying not only their regulator, but the road transport authority and the police to fix complexities that have arisen with the recent abolition of the third party liability insurance cover. The motor vehicles ordinance 1983 which made third party motor insurance compulsory was recently jettisoned to make way for for the new road transport Act 2018 which calls for the creation of a fund to compensate third parties affected by motor vehicle accidents or any other cause instead of insurance. Since the abolition the road transport authority said that no case could be filed against any motor vehicle owner for not having third party liability insurance because the police have stopped handling such cases since November 2020 when the new Act came into effect.

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