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WHAT
IS THE LEGAL BASIS OF THE MIB'S FUNCTION?
The function of MIB is
essentially linked to the compulsory insurance requirements
of the Motor Vehicles (Third Party Risks and Compensation)
Act. The Act requires the user of a motor vehicle on a road
to insure that vehicle against legal liability to third parties
in respect of death or bodily injury only. Property damage
is excluded. The Bureau pays compensation according to the
degree of legal responsibility of the motorist who is said
to have caused the accident and is uninsured or untraced.
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