Page 886 - The Central Motor Vehicles Rules, 1989

858 CENTRAL MOTOR VEHICLES (MOTOR........ FUND) RULES, 2022 RULE 11

(c) Hit and Run Compensation Account : The Hit and Run
Compensation Account shall be credited with the following:—
(a) the current balance under the Solatium Scheme, 1989, as on
the date of commencement of these rules; and
(b) such percentage of total third party premium collected by
insurance companies carrying on the business of motor
insurance in India by the general insurance companies as
specified by the trust, taking into account the actual
disbursements from the Hit and Run Compensation Account
in the preceding year.
11. Utilisation of Components of Motor Vehicle Accident Fund
The components of the Motor Vehicle Accident Fund shall be utilised as
follows:—
(a) Account for Insured Vehicles—
(i) The Account for Insured Vehicles shall be utilised for the
cashless treatment of victims of accidents caused by insured
vehicles.
(ii) The claim amount of the Hospital for providing cashless
treatment shall be disbursed by the designated agency.
(iii) It shall be administered by GI Council under supervision of
the Trust.
(b) Account for Uninsured Vehicles or Hit and Run Motor Accident—
(i) The “Account for Uninsured Vehicles or Hit and Run Motor
Accident” shall be utilised for—
(a) providing cashless treatment to victims of accidents
caused by uninsured vehicles and hit and run motor
accident victims;
(b) providing compensation to such other person as may be
specified.
(ii) The claim amount of the Hospital for providing cashless
treatment, shall be disbursed by the designated agency to the
Hospital.
(iii) It shall be administered by GI Council under the supervision
of the Trust.
(c) Hit and Run Compensation Account—
(i) Hit and Run Compensation Account shall be utilised for
providing compensation to hit and run accident victims, and
reimbursement of claim amount raised by the Hospital for
cashless treatment of hit and run motor accident victims, as
per scheme framed under section 162, to the Account for
Uninsured Vehicles or Hit and Run Motor Accident in
accordance with this rule.
(ii) It shall be administered by GI Council under the supervision
of the Trust.