Today I did a email posting on to the wall of this site and I must say, this was indeed a great success. Technology…. I marvel at it! Not forgetting I did blog posting using my android phone, it was awesome but this (email posting), was indeed surprisingly awesome….
I hope you enjoy some historical facts concerning our Motor Insurers’ Bureau of West Malaysia….
The Motor Insurers Bureau of Malaysia was conceived in social justice and was born into the then, Road Traffic Ordinance 1958 (now The Road Traffic Act 1987). The basis of this provision in the said ordinance was to recognise to some extent the unfortunate position of victims of road accidents, where experience has shown, by reason of legal technicalities that innocent victims, despite the requirements of Compulsory Third Party Insurance, failed to obtain any compensation. See New Indian Assurance Co. Ltd v Simirah (1966) 2 MLJ page 4.Mechanism involved in the setting up of Motor Insurers Bureau
The Motor Insurers Bureau does not exist as an Insurance Company, but is premised on an agreement entered into on 15thJanuary 1968, between all the insurers, the Bureau and the Minister of Transport. It states in so far as is material, that –
The payment is given on a compassionate basis and is absolutely up to the discretion of the Bureau. There are certain rules to follow. The claim must be made within three years from the date of accident.The lawyer concerned should also notify the Bureau about the case, he must do it within 30 days of filing the action and must furnish the bureau with all the relevant documents
So much for the origins of the Motor Insurers Bureau and the manner in which it operates.
The Special Agreement between our Malaysian Bureau, Malaysian registered Insurers and Motor Insurers’ Bureau of Singapore
This Agreement was signed by Malaysian Bureau representing all Malaysian insurers that are not registered in Singapore with Motor Insurers’ of Singapore, whereby the Malaysian insurers are deemed having agreed to be bound by the Articles of Association of Singapore MIB and the Principal Agreement, in every respect and to comply with every obligation imposed upon members of the Singapore Bureau. This ensures that an ineffectively insured Malaysian registered vehicle coming into Singapore will not create a liability to our Bureau if it caused bodily injury to a third party here. The Malaysian insurers will have to settle such claims as “Insurers Concerned”.