Motor Vehicle Insurance Limited

The Commission is tasked with reviewing, adjusting and regulation of the tariff orders under the Compulsory Third Party Motor Vehicle Regulatory Contract for implementation by MVIL. MVIL is regulated under a form of price control known as the Maximum Average Net Premium (MANP). The average tariffs must not exceed the MANP that the Commission determines. The Contract by its nature involves a two-way commitment in terms of the prices/premiums that MVIL can charge for its services and the level of service that it is expected to provide.

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