MIB database to become motor liability trigger following paper certificate changes
Insurers will no longer have to pay third party motor claims for policyholders whose insurance has been cancelled following the implementation of the Deregulation Act this week, according to the Motor Insurance Bureau’s Technical director, Paul Ryman-Tubb.
The Act, which came into force on Tuesday (30 June), aims to reduce the burden on individuals and business and the key change for insurers is a change in the legal standing of the paper policy
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