Understanding the Barometer of Liability Agreement (BOLA) in Singapore
The Barometer of Liability Agreement (BOLA) is a crucial framework in Singapore’s road transport industry, standardizing how car accident liability is determined. Developed by the General Insurance Association (GIA), BOLA helps insurers assess fault more efficiently, reducing disputes and streamlining the insurance claims process. This guide explores the mechanics, benefits, and limitations of BOLA, empowering you to handle post-accident processes confidently.
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