Motor Insurers' Bureau

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The Motor Insurers' Bureau (MIB) was established in 1946 as a private company limited by guarantee for the purpose of entering into agreements with the Government to compensate the victims of negligent uninsured and untraced motorists.

Every insurer underwriting compulsory motor insurance is obliged, by virtue of the Road Traffic Act 1988, to be a member of MIB and to contribute to its funding.

According to the MIB's website's FAQ section, the cost of funding the MIB is ultimately borne by law abiding motorists who pay their insurance premiums.[1]

[edit] Notes

  1. ^ Who pays for MIB?. The Motor Insurers' Bureau.

[edit] External links

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