MVIL renews agreement with Sandaun Provincial Government

Motor Vehicles Insurance Limited [MVIL] and the Sandaun Provincial Government [SPG] will continue to work in partnership under the Two-ln-One-Sticker Memorandum of Agreement [MoA].

On Tuesday in the border province capital, MVIL chief executive officer Michael Makap and acting Provincial Administrator Conrad Tilau put ink to paper to renew the MoA.

The MoA is an administrative arrangement which enables the parties to combine MVlL's Compulsory Third Party (CTP) insurance services with the SPC's vehicle registration services into a single sticker motorists’ convenience.

It provides for SPG to formally delegate its vehicle registration function to MVIL. This enables the parties through MVIL, acting as SPG's agent, to better serve motorists in West Sepik via MVlL's Office in Vanimo.

The terms and conditions of the recently signed MoA have been updated to reflect the parties' experiences in managing and sustaining the services provided under the arrangement;

1)         Flexibility in office infrastructure and rent sharing arrangement; and

2)         Provision of a credit facility accorded by MVIL to SPG to acquire (on needs basis) registration consumables in blank driver's licenses and vehicle registration plates.

In addition to the new features of the MOA, both MVIL and the SPG recognise that the arrangement ensures a win-win outcome in that it provides for:

1)         A one-stop shop concept for motorists to pay for CTP insurance and vehicle registration, thus, a coordinated approach to service delivery to ensure customer convenience;

2)         Motorists to display a single sticker on their vehicles that covers both MVlL's CTP insurance and the SPG's vehicle registration, instead of there being two separate stickers;

3)         Efficiency in paperwork and time associated with dealing with a single service provider (MVIL), instead of two separate entities and consequential loss of individuals' product   time; and

4)         Secured revenue collection arrangement via cashless/ on-line payment system at point of sale.