NEWS

Tribunal

Third Party compensation through insurance had been primarily left unregulated for a long time and this has disadvantaged Fijians, says Attorney-General Aiyaz Sayed-Khaiyum. And Government is therefore in the process
09 Dec 2016 11:00
Tribunal
Participants of the Compulsory Third Party Insurance Seminar yesterday. Photo: DEPTFO News

Third Party compensation through insurance had been primarily left unregulated for a long time and this has disadvantaged Fijians, says Attorney-General Aiyaz Sayed-Khaiyum.

And Government is therefore in the process of setting up a tribunal to deal with issues of disputes over compensation.

This was highlighted yesterday by Mr Sayed-Khaiyum at a seminar organised by the Consumer Council of Fiji on Third Party Insurance.

He said they are looking at developing a tribunal that not only deals with third party related disputes or insurance matters from road accidents, but also other matters that may emanate.

He added the third party insurance has been an area of much contention.

“At the moment, there is no proper recourse available to them. A recourse that is not highly litigious, a recourse that does not include them having to expand their financial resources which are limited in the first place,” he said.

“It is very clear and we hope to at least have a draft out in the next two to three months.”

Mr Sayed-Khaiyum said the Government would also be holding public consultation in respect to this as this issue needed to be addressed.

“It goes to the very core of ensuring that we look after people who are on the fringes of our society or people who are not necessarily well off,” Mr Sayed-Khaiyum said.

“There is a desperate need to give a particular level of comfort to many innocent victims who have suffered from accidents through no fault of their own, but are now victims of a wider scheme that has the inability to address these issues.

“It has been an area that is highly litigious in the sense that most of the cases actually end up in court or they dwindle away because the people who are the victims of accidents do not necessarily have the emotional, physical and financial help to be able to continue with their claims.”

The seminar was aimed at drawing attention of policy makers, victims and vehicle owners to bring about reforms in the area of Third Party Insurance, which can ensure a level playing field for all.

The objective of the seminar was to understand why timely compensation are not made to the victims, whether the compensation amounts paid to the third party victims are fair and adequate and what reforms are needed to safeguard consumer interests.

 

Edited by Jyoti Pratibha

Feedback:  kathrin.krishna@fijisun.com.fj



5SQRS Clearance


Fiji Sun Instagram
Subscribe-to-Newspaper