Motor Vehicle Insurance Limited

The meeting is set for Sunday 1 pm at the Unagi Oval in Port Moresby to discuss how they all will work together to serve the people in the city.

In a meeting hosted by the National Capital District Metropolitan Superintendent Silva Sika today with the concerned authorities including the PMV Association president, had agreed that all PMV owners must be present at the meeting.

The meeting will discuss very important issues and for all parties to come up with solutions for a way forward to be happy while doing business in the city.

The Independent Consumer and Competition Commission (ICCC) CEO, Paulus Ain said it will run for eight months.

The review will imposed on the next regulatory period commencing 2018 - 2022.

“Because MVIL has a monopoly in the supply of CTP motor vehicles insurance, the contract, which is binding on the ICCC and MVIL, allows for the regulation of MVIL’s CTP premiums and service standards to ensure that they are reasonably fair,” Ain said.

He commended MVIL in establishing offices in all provincial centres nationwide.