Desist From Unethical Practices Against Third Party Motor Insurance Act 1945, Group Warns DBIR

    Group photograph of Association of Insurance Company forum and members of NUJ Warri correspondents chapel


    The Delta State Chapter of the Association of Insurance Managers/CEO’s and Insurance Brokers on Tuesday warned the Motor Licensing Office and its officials in the Delta State Board of Internal Revenue (DBIR) to desist from involving in “unethical practices” that are against the “Third Party Motor Insurance Acts of 1945” as Amended in Insurance Acts of 2003.

    The body stressed that the motor licensing office have no business with the issuance of “Third Party Motor insurance policy”.

    Chairman of the group, Mr. Ben Usiora handed down the warning at a press conference held at the Secretariat of the Nigeria Union of Journalists (NUJ) Warri Correspondents’ Chapel.

    Usiora who was flanked by his Secretary, Sangobiyi Seun insisted that third party motor licensing insurance can only be done by ” Insurance Companies registered by the National Insurance Commission,NAICOM under the insurance Act of 2003 as Amended.
    “It has been the challenge in Delta State for some months now, the State Board of Internal Revenue engaged the services of Richfield Technologies Ltd to handle vehicle license renewal as well as third party Insurance renewal which is against the spirit of Insurance Act 2003.
    ” We want to state that Insurance business are risk transfer mechanism from the insured (I.e,the customer)to the insurer(insurance companies) and when the insured incident occurs in this wise motor accident , jnsurance companies are liable to pay compensation.”
    Usiora noted that the third party motor insurance is one of the compulsory insurance in Nigeria backed by law that’s,”third party motor insurance Acts 1945 as Amended in Insurance Acts of 2003.”
     According to Usiora,”It covers third party damage or injury caused by the insured to the third party. This may be a vehicle or properties.
    He explained that,”Under the above quoted insurance Acts of 1945 as Amended in Insurance Acts of 2003. A fake carrier of motor third party Insurance certificate is liable for a fine of N250,000 or two(2)years Imprisonment or both.
    “It is disheartened that Delta State Board of Internal Revenue is playing pranks with the lives of Deltans because if there is any accident that involves her citizen lives as a result of motor accident,no compensation will be paid by the Board and Richfield Technologies Ltd who is not an insurance practitioner but a computer analyst/programmer.

    ” The Board of Internal Revenue is corrorating with consultants to rip off the unaware /uninformed populace by forcing them to pay third party motor insurance premium of N5,000 to the consultant bank Account while the consultant remit N1,000 to some failed insurance companies on their platform.
    “However, a genuine motor third party insurance cover with a compensation of N1,000 limit can be taken in the offices in Warri and its environs.
    “We believe that the Delta State Board of Internal Revenue will appreciate the basis of professionalism and will adhere strictly to this good advise as it bothers on the principle and practice of insurance and Board will do the needful because the business of insurance is not within the responsibility of motor licensing offices.”


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