New Motor Vehicle Insurance Act Improves Coverage, Compensation, and Safety for Road Accident Victims
The General Courts have approved the new Motor Vehicle Insurance Act. This legislation broadens the scope of compulsory insurance to include agricultural and industrial vehicles, as well as personal mobility vehicles like electric scooters. The Act also introduces significant improvements to the compensation system for victims of road accidents, increases the powers of the Insurance Compensation Consortium, and strengthens supervision of insurance companies.