The Legal and Institutional Framework for Compulsory Third Party Motor Vehicle Insurance in Ethiopia
| dc.contributor.advisor | Teshome, Tilahun (PhD) | |
| dc.contributor.author | Mekonnen, Assamen | |
| dc.date.accessioned | 2019-06-07T08:43:32Z | |
| dc.date.accessioned | 2023-11-08T11:42:44Z | |
| dc.date.available | 2019-06-07T08:43:32Z | |
| dc.date.available | 2023-11-08T11:42:44Z | |
| dc.date.issued | 2009-03 | |
| dc.description.abstract | Financial responsibility laws in general and compulsory motor vehicle insurance in particular have basically one major objective--to make motorists financially capable of meeting accident liabilities and hence to guarantee compensation to the accident victim. Unlike other countries, Ethiopia recently promulgated Vehicle Insurance against Third Party Risks, procl.559/2008 in J anuary 2008, a compulsory insurance scheme with the same objective. The legal regime of this law includes the requirement of the law, indicating its obligatory nature, its scope of a pplication including any person even pedestrians except the in sured person, member of his family, the driver or any person employed on the vehicle , and insurance policies. Besides, the duties of the insurer and the insured, the provision of emergency medical care and the recognition of the yellow card system of the COMESA and SADC are basic substantive characteristics of the law. Turing to its institutional framework, the law makes motor vehicle insurance against third party ri sks involunta ry . Apy vehicle except those exempted, are expected to display stickers on their wind screens the failure of which entails a civil and criminal lia bility on the driver/owner. The police shall deta in the vehicle until insurance certificate is presented. An insurance fund for faults committed by uninsured and untraced vehicle is establis hed. Institutions which are believed to effectively enforce the law are indicated in the law even though, to the dismay of many, to this date enforcement of the law is not begun. This new law in its application would ce rtainly have its own positive a nd/ or negative effects on insure rs, acciden t prevention and owners of mOLOr vehicles. With less cost in rela tively s peedy procedures, victims of car accidents implemented. will get compensation at the time when the law is | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/18426 | |
| dc.language.iso | en | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Legal and Institutional Framework | en_US |
| dc.title | The Legal and Institutional Framework for Compulsory Third Party Motor Vehicle Insurance in Ethiopia | en_US |
| dc.type | Thesis | en_US |