Thursday 21 March, 2019

Insurance Association warns citizens against insurance fraud

The Association of Trinidad and Tobago Insurance Companies (ATTIC) is warning members of the public to take precaution when purchasing motor insurance from independent Agents.

ATTIC issued a statement on Friday, noting that people who purchase insurance from unauthorised dealers will not be honoured and will therefore be liable for any damages as claims will not be paid.

The Association further provided guidelines on insurance purchases as follows:

  • Request proof of registration from the Agent or Salesperson. When you visit their offices the registration should be displayed in a location that is easily visible.
  • Contact the Insurance Company to verify that the person is contracted to sell motor insurance on their behalf.

Do not assume:

  • That a person wearing clothing with a Company’s logo means that he or she is an employee of that Company.
  • A document such as a Motor Certificate with the Company’s logo is authentic as these can be easily produced via sophisticated computer software.
  • A person with a call card bearing the Company’s name and logo to mean that he or she is an employee or representative. These can be easily created via computer software.

When paying premiums: 

  • If paying for the premium by cheque – write it directly to the Insurance Company or Agency. avoid writing a cheque in the personal name of the Agent or Salesperson.
  • Ensure that you receive an official receipt at all times.
  • Ensure that you have contact details for the person handling your transactions.
  • Ensure that you receive a policy document.

Citizens are urged to contact ATTIC at 625-2940/624-2817 or email mail@attic.org.tt for more information.

Members of the public are also encouraged to visit the Central Bank's website for authorised agencies/salesmen at http://www.central-bank.org.tt/content/insurance-sector

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