The Insurance Regulatory Authority (IRA) has proposed changes to the motor vehicle insurance laws that will make it illegal for boda bodas to operate without covers for their passengers. IRA stated that boda bodas have been the cause of rising number of accidents that have left many injured and unable to foot heavy medical bills.
Recently, the National Transport and Safety Authority (NTSA) has signed an agreement with the Insurance Regulatory Authority (IRA) called the MoU to facilitate insurance companies have a strategic way of vehicle ownership of insurers and where strategic time is set for insurers to send their insurance policies to Transport Integrated Management System (TIMS) by this act, it will help to prevent cheating in motor-vehicle insurance industry. This will allow exchange and sharing of necessary data of the policy
The Insurance Regulatory Authority (IRA) has proposed changes to the motor vehicle laws that will make it unlawful for boda bodas to work without covers for their passengers. IRA expressed that boda bodas have been the reason for rising number of accidents that have left many injured and incapable to foot heavy medical bills.
Noela Mutanda Insurance Regulatory Authority Corporate affairs officer now says it's against the law for Medical Insurers to refuse paying bills for their clients infected by Covid-19. Speaking during a media sensitization meeting in Eldoret, Mutanda said Medical Insurers are supposed to pay for their clients. “It is against the law for insurance companies to refuse to give covid-19 services to its clients.
Insurance Regulatory Authority CEO Godfrey Kiptum.The Insurance Regulatory Authority (IRA) is proposing a reduction in the time insurers take to pay claims to within 30 days from the day they are lodged by claimants in a fresh push to protect consumers.IRA says in new draft rules the average of 90 days it usually takes to settle claims is "long" and has led to consumer complaints resulting to lack of trust and negative perception of the insurance industry.
A number of people who are being forced into quarantine are not able to pay for the bills incurred at the facilities. The government transfers you to a hospital of their selection when you test positive for covid-19. You are observed and treated until the doctors declare you fit. What follows is settlement of the bill. This is a nightmare to the affected persons who are hit by the unforeseen bills. The Insurance Regulatory Authority on 28th February, 2020, said insurance firms will cover all policy holders