Page 297 - The Motor Vehicles Act, 1988

RULE 11 THE CENTRAL MOTOR VEHICLES (MOTOR .......... FUND) RULES, 2022 213

Highways Fee (Determination of Rates and Collection) Rules,
2008; or
(ii) through budgetary grant from the Consolidated Fund of India;
or
(iii) fine collected under section 198A; or
(iv) any other source, as may be specified by the Central
Government.
(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.