published by: Admin
Fraud Infecting Auto Insurance
Total auto insurance fraud is estimated to be more than 20 trillion rials ($71 million) per year, the National Traffic Police chief said.
"We are planning to digitize the car accident reporting system. Electronic police reports can and should help solve the problem to a considerable extent," General Kamal Hadianfar was quoted as saying by IRIB. He did not provide details.
Third-party vehicle insurance is mandatory in Iran and car owners lacking this policy are penalized. It essentially is a form of liability insurance according to which, in the case of road mishap, the insurer is required to compensate the harmed party for physical or financial loss.
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