Fleet News

New partnership aims to help lenders tackle uninsured drivers

The Finance and Leasing Association (FLA) has announced a new partnership between motor finance companies and the Motor Insurers’ Bureau (MIB).

Motor finance lenders, who are members of the FLA, are being given access to the motor insurance database (MID) from this month.

Lenders will be able to check the central database of all insured vehicles in the UK and satisfy themselves that a vehicle has the appropriate insurance cover, as required under the motor finance credit agreement.

The partnership will also help lenders to improve road safety and to prepare for the Continuous Insurance Enforcement regulations that will come into effect from late Spring this year.
 


Click here for fleet insurance best practice and procurement insight

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee