ECOWAS BROWN CARD AND TRANS –BORDER INSURANCES

　
ECOWAS BROWN CARD AND TRANS –BORDER INSURANCES


　

A paper Delivered At NAICO Seminar

Held At Ijebu-Ode on 8^{th -10th December 2013}

OUTLINE


Preamble
The Ecowas Brown Card Insurance Scheme

The commitment of Heads of States and Governments on this project shows the importance which these Governments attach to it.

It also shows the determination of the Governments of the sub-region to facilitate free movement of their nationals by driving their vehicles within the member states with the assurance under the scheme that a common system of settlement of claims arising from this international motor vehicle traffic is in place.

The Ecowas Brown Card Insurance Scheme was established under Protocol A/P1/5/82 of 25th May, 1982 and signed by sixteen ECOWAS member 　 States in Cotonou-Benin Republic.

OBJECTIVES OF THE SCHEME

OBJECTIVES contd

THE SCHEME OPERATION

May I take this opportunity to thank the organizers of this Seminar for their Invitation to deliver this paper.

I wish us all a fruitful deliberation

Distinguished Ladies and gentlemen, I thank you for your audience

The financial solvency fund serves as:-

Security against the solvency of the National Bureau

A pool from which technically inadmissible Brown Card claims shall be paid.

Procedure of claim settlement : paragraph (8) of Article 4 deals with prompt claims settlement.


It states that claim reported to the Issuing Bureau shall be promptly examined and admitted or repudiated within 30 days of receipt of the report from the Handling Bureau.

If the liability is admitted the claim shall be settled within 30 days of such admission.
Thereafter, payment of the amount shall be made within 30 days or before the end of the quarter of the year. As a penalty for late payment, the handling Bureau has the power to raise the interest of the claim payable by 12 percent per annum by notice to the Issuing Bureau, after the end of the quarter of the year.

If there is a technical default, the Issuing Bureau shall pay a penalty of five hundred (500) UA for every month of default.

THE NIGERIAN MARKET

THE NIGERIAN NATIOANAL BUREAU

DEVELOPMENT STRIDES AND CHALLENGES

Implementation of the New Brown Card

Reduction in the traffic of fake document


Computerization

The Challenges


High incidence of Unsettled Claims

Lack of Adequate Funding

　The level of awareness is still very low.

A lot of people do not know where to procure the document. As a result they fall into the hands of Fraudsters from whom they collect Fake certificate and end up being caught and sent to jail in neighboring countries

The National Bureaux in various Countries have made substantial contribution towards raising public awareness. Enlightenment for the scheme is actually a continuous process. We believe that greater awareness for the scheme can be achieved if ECOWAS Brown Card becomes compulsory as it is in the Francophone Countries


Awareness for the Scheme

Difference in Currencies

Review of the Brown Card Protocol

PROSPECTS & OPPORTUNITIES

Benefits

The Way forward

May I take this opportunity to thank the organizers of this Seminar for their Invitation to deliver this paper.

I wish us all a fruitful deliberation

Distinguished Ladies and gentlemen, I thank you for your audience