The general manager of the Insurance Company of Africa (ICA), Samuel Mintah, has lauded the efforts of government for the exercise that makes all vehicles properly road worthy across the country in keeping with the insurance policy.
Mr. Mintah gave the commendation recently when he spoke to journalists at his Tubman Boulevard office.
He indicated that the Compulsory Third Party Policy was a welcome development because it will help take care of most problems arising from accident.
According to him, the policy was initiated by the late Liberian leader, William R. Tolbert in 1972, but for political reasons, the policy, he said was not adhere to neither was it enforced.
“We are excited today since the government has come out with this strong policy in ensuring that all vehicles plying major streets are insured,”
Mr. Mintah also said that he was happy that the government has finally come to realize the importance of the compulsory insurance policy in Liberia.
He said that if a vehicle, which is subject to mandatory motor third party liability insurance, causes a car accident, the property damage and personal injury caused to the injured party will be compensated for, as well as the medical treatment expenses of the party at fault.
Also in an interview with our business desk, Amos Kromah, a taxi driver, also explained that the insurance policy is good idea by the government which will enable the country generate revenues, but was skeptical as to the education of the public to grasp the sense of the policy.
According to him, they are not refusing to register their vehicles, but want the government “reason” with them.
He also called on government to look into the matter and come out with another measure which will be beneficiaries to the both parties.
He added that if nothing is done about the process, he foresees pedestrians sleeping in the streets because of the lack of vehicles to take them to their various destinations at the end of the day.
He concluded by saying that Liberia is trying to move to international standard but the government must learned how to pass on information properly to its citizens.