Illegal vehicles.. big losses to the state treasury, insurance companies and the "Fund"
Saturday, 08 22 2015, Category: Insurance and Reinsurance, Country: Palestine
The workshop organized in cooperation between the Palestinian Insurance Federation, the Ministry of Transport and Communications and the Palestine Capital Market, in the city of Ramallah under the title "Towards an Integrated and a favorable legal environment for the sectors of transport and insurance" concluded to several recommendations, including: keeping the insurance obligatory throughout the validity period of the vehicles’ licenses, licensing all official vehicles registered at the Ministry of Transport and Communications System, emphasizing on insurance companies to abide by the minimum tariff for mandatory auto insurance, and gradually activating and controlling the cash payment by the Authority and in collaboration between all partners.
The recommendations also comprised: massive deployment of traffic police, inspection of vehicles to make sure of their licenses’ validity, conducting educational courses in schools, colleges, universities and institutions, in order to increase the traffic and insurance awareness, as well as the need for legislative, judicial, executive and regulatory agencies to join their efforts in order to reduce the phenomenon of illegal vehicles.
Source: Donia Al Watan