Bill seeks compulsory comprehensive motor insurance
- Maldives
An amendment to the Road Traffic Act has been proposed to mandate comprehensive motor insurance to compensate drivers for damage resulting from road accidents.
The amendment was moved by MDP MP Mohamed Ibrahim Wednesday.
According to the proposal, third-party insurance is currently compulsory for road vehicles, but the absence of a comprehensive insurance system prevents compensation for damage to the vehicle or the driver. The amendment seeks to address this gap.
The proposed comprehensive motor insurance would cover:
Liability for death or physical injury of a third party, and damage to third-party property arising from an accident.
Liability for direct damage to a private vehicle caused by an accident, including damage from overturning or impact.
Liability for damage caused by fire, theft or intentional acts.
Liability for damage caused by natural disasters, including floods, storms and other weather events.
The government’s Road Transport Bill does not currently include a direct requirement for comprehensive motor insurance. It states that road vehicles will be registered in Maldives after being insured as specified in regulations made under the Act.
