Monday, April 22, 2024

Insurers hope $5 000 fine will bite

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Uninsured cars remain a real headache for the insurance industry and police.

But both are hopeful that hefty penalties found under the newly amended Road Traffic Act will cut down meaningfully on the illegal activity.

Before the amendment on August 29, the fine for drivers not having insurance stood at $1 000, six months in prison or both, but it has been increased to $5 000 and the jail time doubled.

“For many years now it’s a big issue. We found that in approximately one in five accidents, you get persons either without insurance or without a valid driver’s licence,” general manager at Co-operators General Insurance, Anton Lovell, told the NATION on Wednesday. (AD)

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