Provision Of Advice On Mart Value Of Motor Vehicles By Insurers, Takaful Operators
KUALA LUMPUR, Aug 1 (Bernama) -- Insurers and takaful operators are required to advise consumers on the appropriate market value of motor vehicles when purchasing a comprehensive motor insurance cover for private cars from today.
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Bank Negara Immediate Measures To Ensure Wider Access to Motor Coverage
Bank Negara Malaysia wishes to announce immediate measures to ensure that all motorists will obtain access to motor cover. With immediate effect, members of the public will be able to obtain motor cover from all general insurers and their branches as well as at Pos Malaysia and its branches nationwide
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New Motor Framework by 2012
Motorists will still pay affordable rates for motor insurance policies and receive better service once the new motor cover framework begins next year. Bank Negara said the new motor insurance would only see a marginal increase in premiums while taxis and rented vehicles with good claims records could see a reduction in insurance costs or a lower quantum of increase in premiums.
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