The new integrated electronic system has been set up in collaboration with the Ministry of Home Affairs, Insurance and Brokerage Companies. The committee has also fixed the period for receiving the compensation within a maximum of 10 working days from the date of completion of the insurance claim. An insurance policy for private cars and motorcycles with non-Kuwaiti license plates entering through the borders will be calculated at 12 Kuwaiti dinars per week or 120 dinars per year under the proposed system. Taxis are 20 dinars per week or 140 dinars per year. 16 dinars per week or 183 dinars per year for public transport vehicles.
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It is also proposed to increase the control fee by two dinars and a premium of one dinar per passenger. The document specifies that depreciation of spare parts in the first year of manufacture up to the end of June of that year should be zero percent for private cars. The rate is five per cent up to the end of December of the year of construction, 10 per cent for the second year, 20 per cent for the third, 30 per cent for the fourth and 50 per cent for the fifth year onwards.
Meanwhile, MP Khalid Al Ansi accused the increase in insurance amount announced last week as illegal. Al Ansi explained that the decision to increase mandatory car insurance fees by the Insurance Regulatory Unit is in violation of Article R of Law No. 67/1976, which empowers the Ministry of Interior to specify regulations and conditions on car insurance. Therefore, he requested the Minister of Interior Sheikh Talal Khalid Al Ahmed Al Sabah to intervene in this matter and annul the decision. The authorities have decided to suspend the increase in the insurance amount in the context of widespread discussions and protests in this regard on social media. The decision of the Insurance Regulatory Unit is to take further steps after discussing with the Ministry of Home Affairs in this regard.
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