Motor Insurance Database
You will no doubt have heard of the important implications that the Fourth EU Motor Insurance Directive will have on policyholders, insurers and brokers alike. On the 20th January 2003 new Road Traffic Regulations (the Motor Vehicles (Compulsory Insurance)(Information Centre and Compensation Body) Regulations 2003) came into force to meet the requirements of the Directive.

In summary the key headlines are:

• All UK registered vehicles must be held on the Motor Insurance Database.
• Any temporary vehicle held for 15 days or more must be added to the database by the temporary keeper.
• Vehicles held temporarily for a period not exceeding 14 days do not have to be added to the database,
• however, records of temporary vehicles must be retained for a period of seven years.
• Failure to have such vehicle details on the database may in certain circumstances lead to criminal
• prosecution being taken against the policyholders and a fine of up to £5000 being imposed.

All insurers should have written to all affected policyholders. If you wish to discuss any of the issues raised please telephone your broker or contact the fleet department of your insurer.
MIIC

The Motor Insurers' Information Centre (MIIC) has been established by the insurance industry to oversee, on the behalf of the government, the development and ongoing management of the Motor Insurance Database (MID). This database will become a key tool in the crusade against the crime of uninsured driving.

The UK has one of the worst records in Western Europe for this offence with an estimated one in every twenty cars on the road being driven without proper insurance cover. This results in every honest motorist in the UK paying £15 - £30 of their insurance premium to compensate the innocent victims of these cheats... and the problem is growing at a dramatic rate.

MIIC web site

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