NAICOM Partners FRSC On Enforcement Of 3rd Party Motor Insurance.
L-R: Oyeyemi with Commissioner for Insurance Sunday Thomas at the event.
The National Insurance Commission (NAICOM) has agreed with the Federal Road Safety Corps (FRSC) to work out an effective plan for the enforcement of 3rd party motor insurance.
This was the high point of discussions during the visit of the Corp Marshall, Boboye Oyeyemi and his team to the National Insurance Commission recently.
The National Insurance Commission (NAICOM) was established in 1997 by the National Insurance Commission Act 1997 with responsibility for ensuring the effective administration, supervision, regulation and control of insurance business in Nigeria and protection of insurance policyholders, beneficiaries and third parties to insurance contracts.
In February 1988, the Federal Government created the Federal Road Safety Commission through Decree No. 45 of the 1988 as amended by Decree 35 of 1992 referred to in the statute books as the FRSC Act cap 141 Laws of the Federation of Nigeria (LFN). Passed by the National Assembly as Federal Road Safety Commission (establishment) Act 2007.
In particular, the Commission is charged with the responsibilities for:
Preventing or minimizing accidents on the highway;
Clearing obstructions on any part of the highways;
Educating drivers, motorists and other members of the public generally on the proper use of the highways;
Designing and producing the driver’s license to be used by various categories of vehicle operators;
Determining, from time to time, the requirements to be satisfied by an applicant for a driver’s licence;
Designing and producing vehicle number plates
The standardization of highway traffic codes;
Giving prompt attention and care to victims of accidents
Conducting researches into causes of motor accidents and methods of preventing them and putting into use the result of such researches;
Determining and enforcing speed limits for all categories of roads and vehicles and controlling the use of speed limiting devices;
Cooperating with bodies or agencies or groups in road safety activities or in prevention of accidents on the highways;
Making regulations in pursuance of any of the functions assigned to the Corps by or under this Act.
Regulating the use of sirens, flashers and beacon lights on vehicles other than ambulances and vehicles belonging to the Armed Forces, Nigeria Police, Fire Service and other Para-military agencies;
Providing roadside and mobile clinics for the treatment of accident victims free of charge;
Regulating the use of mobile phones by motorists;
Regulating the use of seat belts and other safety devices;
Regulating the use of motorcycles on the highway;
Maintaining the validity period for drivers’ licences which shall be three years subject to renewal at the expiration of the validity period; and
In exercise of the functions, members of the Commission shall have the power to arrest and prosecute persons reasonably suspected of having committed any traffic offence.
