NASSAU, Bahamas — About 40 percent of the vehicles on the roads of New Providence are uninsured, and the insurance industry wants the government to do something about it, Deputy Chairman of the Bahamas Insurance Association (BIA) Anton Sealey said.
Sealey noted the insurance industry has suggested to the government ways to curtail this illegal activity on more than one occasion, but he lamented that enforcement is the most important part of the equation that has yet to be solved, the Nassau Guardian reported June 18.
He explained that the insurance industry has suggested a system tied to the insurance companies and the road traffic department so that all parties become aware when an insurance policy is cancelled for non-payment.
“We have an issue, four of every ten cars on the road do not have insurance. It is an epidemic,” said Sealey.
“It boils down to enforcement. You can have all the laws on the books you want, but unless you are prepared to enforce them and enforce them across the board and consistently and rigidly, it’s not going to have the desired effect in my opinion. https://thenassauguardian.com/2019/06/18/bia-about-40-percent-of-vehicles-uninsured/
