Motor Insurers Insolvency Compensation Fund (MIICF) Contribution Rate

By MIBI, Friday, 26th February 2021 | 0 comments

MIBI wish to inform Members that as set out in Section 16 (3G)(1) of the Insurance Amendment (2018) Act, The Minister for Finance has agreed to maintain the current percentage rate contribution of 2 per cent for both the 2020 financial year (contributions payable in June 2021) and the 2021 financial year (contributions payable in June 2022).