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05.05.2008 Business & Finance

NIC settles 3000 accident cases in four years

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Complainant and Settlement Unit of the National Insurance Commission NIC) has for the past four years settled 3000 motor accident cases between victims and insurance companies.

Mr Oliver Bio, Legal Officer of the NIC, announced this at a day's workshop organized by the Commission for drivers and car owners on Saturday at Agona Swedru in the Central Region.

He said the establishment of the unit had brought sanity and unity to the transport sector adding that gone were the days when accident victims went through difficulties before receiving their compensations.

Mr Bio said the Commission has set up compensation fund in 1996 to assist drivers and car owners to pay insurance claims to accident victims.

He advised drivers to acquire the appropriate driving license to avoid encountering problems with the law enforcement agencies.

Mrs Emma Ocran, Legal Director of NIC, cautioned drivers and insurance policy makers to be circumspect about the insurance companies they deal with to avoid embarrassment.

She said NIC was prepared to work with any insurance company that could not meet requirements of the new NIC Act passed by Parliament in 2006.

Mrs Ocran advised car owners to pay their insurance premium regularly to ensure early payment of insurance claims to accident victims.

Mr Jeff Safo, Agona Swedru Manager of Quality Insurance, urged drivers to patronage personal insurance policy to assist them in time of difficulties.

He said government had made third party insurance policy compulsory to cover passengers and property in case of accident.

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