The effective management of vehicle salvage has been an area of great concern for the SAIA, Business Against Crime South Africa and South African Police Services. At a workshop held on 26 May 2009 the SAIA members agreed that, whilst the existing Code of Conduct agreed to between SAIA members and the Banking Association on how to deal with Motor Vehicle Salvage was not under consideration, the way motor insurers apply the code needs to be consistent and all motor insurers should participate to ensure consistency.

It was agreed that consistency should be established for the classification of vehicles as either a code 2, 3 or 4, and a technical workgroup has been created to draft standard guidelines on the coding for the industry.

Furthermore, the SAIA members agreed that the industry should draft a Best Business Practice Document regarding the de-registration process and the safe-keeping of records.

>> Click here to download the Code of Conduct for Motor Vehicle Salvage

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The South African Insurance Association
Association Incorporated under Section 21
Registration No.1998/25543/08

Postal address:
P.O. Box 30619
Braamfontein
2017

Physical address:
3rd Floor, JCC House
27 Owl Street
Milpark

Contact detail:
Tel: +27 11 726 5381
Fax: +27 11 726 5351
Email: info@saia.co.za

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Code for Motor Vehicle Salvage

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