Road Accident Benefit Scheme
Road Accident Benefit Scheme offers hope for the future
Submitted by byrnie on Fri, 2011-12-09 08:37Image/Video:
Image
Short description:
The approval of Government's proposed Road Accident Benefit Scheme (RABS) - recently announced as the successor to the much-maligned Road Accident Fund (RAF) - brings hope for much-needed change to the current system.
Content:
The approval of Government's proposed Road Accident Benefit Scheme (RABS) - recently announced as the successor to the much-maligned Road Accident Fund (RAF) - brings hope for much-needed change to the current system.
Read more by clicking on the links below:
Any shortfall will have to be covered by additional insurance
Source: ITINews
Road Accident Benefit Scheme offers hope for the future
Source: InsuranceGateway
»
- 86 reads
Road Accident Benefit Scheme offers hope for the future
Submitted by Michaela on Thu, 2011-12-08 14:17Image/Video:
Image
Content:
The approval of Government’s proposed Road Accident Benefit Scheme (RABS) – recently announced as the successor to the much-maligned Road Accident Fund (RAF) – brings hope for much-needed change to the current system.
The RAF was introduced to enable innocent victims, who have no recourse against uninsured or negligent motor vehicle drivers, to receive some type of compensation. However, over time several issues arose with regards to the affordability and sustainability of the system, including long settlement delays and a disparity between the income of the scheme and its liabilities.
Read more by clicking on the link below
»
- 65 reads
