Motor Vehicle Insurance Limited

Review of MVIL Compulsory Third Party Insurance

The Independent Consumer and Competition Commission (ICCC) CEO, Paulus Ain said it will run for eight months.

The review will imposed on the next regulatory period commencing 2018 - 2022.

“Because MVIL has a monopoly in the supply of CTP motor vehicles insurance, the contract, which is binding on the ICCC and MVIL, allows for the regulation of MVIL’s CTP premiums and service standards to ensure that they are reasonably fair,” Ain said.

He commended MVIL in establishing offices in all provincial centres nationwide.