Malaysian Motor Insurance Pool
The malaysian motor insurance pool mmip was collectively set up in 1992 by the local insurance companies to provide motor insurance to vehicle owners who are unable to obtain insurance protection for their vehicles.
Malaysian motor insurance pool. Mmip is a high risk insurance pool that runs collectively by the insurance industry under the orders from the regulators. 727804 h a subsidiary of mnrb holdings. Malaysian re was then appointed as the administration manager for the pool mmip services sdn.
I bought a insurance policy from your malaysian motor insurance pool on 20 5 2013 from jb the policy number is 23520130177160 and car number is bhd 8185 but i last my insurance cover note few days ago so how can i download my insurance cover note please help me rajagopalan chezhiyan. It provides motor insurance to vehicle owners with difficulty to obtain motor insurance from normal commercial insurance market. However from may 2011 all insurers and takaful operators having a license to carry out general insurance or takaful business were required by the regulators to issue mmip covers on behalf of the mmip and this has seen the pool writing a greater volume.
Most if not all insurance company does not accept vehicles above. Malaysian motor insurance pool mmip will be called syariah compliant malaysian motor insurance pool scmmip by malaysiainsurance february 21 2013 0 comments. It is a high risk special purpose entity set up and operated collectively by all general insurance companies operating in malaysia.
With effect from july 10 it said private car and motorcycle owners can purchase mmip s insurance covers from pos malaysia outlets throughout the country. Considering a post of ceo to help the insurance industry spearhead the operations of mmip and the newly set up scmmip. Malaysian motor insurance pool mmip here is where the malaysian motor insurance pool mmip comes in.
This particular body will insure those unable to obtain motor insurance cover in the market.
