Feedback time. The public consultation for BNM’s proposed motor insurance schemes has been underway since 23 Apr. The discussion paper is posted on BNM’s website. We believe there are significant differences of opinion towards the two scenarios. After receiving public feedback, BNM would again engage in consultation with the industry players, bar council and other stakeholders, thereafter finalising the terms of the new scheme and tabling it to Parliament for approval. We expect the announcement for the changes will be made around 3Q 2010 or earlier.
Insurance - BNM Seeks Feedback From The Public - 10/5/2010
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