Page 293 - The Motor Vehicles Act, 1988

RULE 5 THE CENTRAL MOTOR VEHICLES (MOTOR .......... FUND) RULES, 2022 209

(h) “Hospital” means any healthcare service provider providing
treatment to a road accident victim under the scheme framed under
section 162;
(i) “section” means section of the Act;
(j) “Trust” means the Motor Vehicle Accident Fund Trust established
vide a trust deed executed and registered on 13.01.2022;
(k) words and expressions used in these rules and not defined, but
defined in the Act, shall have the meanings respectively assigned to
them in the Act.
3. Establishment of Motor Vehicle Accident Fund
The Motor Vehicle Accident Fund shall be constituted in accordance with sub-
section (1) of section 164B, and shall comprise of the following three accounts:—
(a) Account for Insured Vehicles;
(b) Account for Uninsured Vehicles or Hit and Run Motor Accident; and
(c) Hit and Run Compensation Amount.
4. Formation of Trust
(1) The Trust shall administer the Motor Vehicle Accident Fund in accordance
with these rules.
(2) The Trust shall utilise the Motor Vehicle Accident Fund, in accordance with
these rules, for—
(a) providing compensation in the case of hit and run motor accidents in
accordance with section 161, read with the Compensation to Victims
of Hit and Run Motor Accidents Scheme, 2022;
(b) providing cashless treatment to victims of road accident in accordance
with section 162;

(c) providing compensation to such other persons as may be specified.
(3) The Trust shall be governed by these rules and the Trust Deed formulated
under rule 7.
5. Composition of Trust
The Trust shall comprise of the following Trustees, namely:—

Sl. Designation of Member Role in Trust
No.
(1) (2) (3)
1. An officer not below the rank of Joint Secretary, Trustee (Chairperson);
Ministry of Road Transport and Highways
2. An officer not below the rank of Joint Secretary, Trustee—Member;
Department of Financial Services, Ministry of Finance
3. An officer not below the rank of Deputy Secretary, Trustee—Member;
Department of Expenditure, Ministry of Finance