Motor Compensation Fund


The object of the Fund is as follows:

  • a) Compensate persons who suffer injury or death through a Motor accident and who are unable to obtain compensation from any Insurance Company.
  • b) Compensate victims of Hit and Run Motor accidents.
  • c) Promote public education on Motor Insurance in particular and insurance business in general.
  • d) Create a Rescue Fund for Companies that fail.

The Insurance Act 2006, Act 724 gave legal backing to the operations of the Motor Compensation Fund