CTPL : Government
Compulsory Insurance
In
1992, the Thai government has passed a law that required all
vehicles in the Kingdom of Thailand to have an insurance coverage that
covers the medical expense of road victims. The law was implemented in
April 5, 1993. If an owner of a vehicle fails to have this insurance,
he/she will face a fine of THB 10,000 – 50,000.
Coverage
of Compulsory Motor Insurance The
compulsory motor insurance only covers bodily injury of the road
victims. The property damage is not included. The coverage is divided
as followed:
1.
Primary Loss 1.1 If
the road victim
receives a bodily injury, the insurer is subjected to pay for the
actual medical expense of the road victim but not exceeding THB 15,000 1.2 If
the road victim has lost his/her life, the insurer is subjected to pay
the total of THB 15,000 for person. 1.3
If the road victim has received a medical treatment and lost his/her
life at a latter stage, the insurer is subjected to pay accordingly to
clause 1.1 and 1.2.
2. Loss
that exceeds the primary loss 2.1
The insurer is subjected to pay for the excess amount from the primary
loss for a bodily injury case but not more than THB 50,000 per person. 2.2
The insurer is subjected to pay for the excess amount from the primary
loss for a loss of life case but not more than THB 80,000 per
person.
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Summary
of the Compulsory Motor Insurance coverage 1.
Bodily injury maximum THB 50,000/ person 2.
Dismemberment maximum THB 80,000/ person 3. Loss
of life maximum THB 80,000/ person
Maximum
coverage per case 1.
Vehicle with less than 7 seats maximum THB 5,000,000/ case 2.
Vehicle with more than 7 seats maximum THB 10,000,000/ case
Note
: If it is proven that the driver is at fault, the insurer will only be
responsible for primary loss coverage..
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