Road Accident Fund definition

Road Accident Fund. ’ means the entity established by section 2 of the Road Accident Fund Act, 1996 (Act No. 56 of 1996); 50
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Road Accident Fund means the state insurer established by statute in the Republic of South Africa.
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Road Accident Fund means the Road Accident Fund established by section 2(1)
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Examples of Road Accident Fund in a sentence

  • The Road Accident Fund is now planning to additionally allow for claims to be paid in the form annualised amounts spread over several years.

  • CopyrightACCEPTNOT ACCEPT2.3.16The specifications are the intellectual property of Road Accident Fund.

  • Compensation paid by the Road Accident Fund is currently paid in the form of a lump sum.

  • The proposed amendment is effective for Road Accident Fund payments received or accrued on or after 1 March 2012.

  • Payments in respect of claims from the Road Accident Fund should be fully exempt regardless of whether the payment is in the form of an upfront lump sum or in the form of annualised payments.

  • The Road Accident Fund is designed to operate as a national centralised financial pool that provides compensation for damages sustained in motor vehicle accidents (Road Accident Fund Act, 1956 (Act No. 56 of 1996)).

  • The National Treasury is considering reviewing the Road Accident Fund levy, as changes in the operational model are expected to improve the Fund’s cash position by 2024/25.

  • Examples of compulsory insurance in South Africa include: Road Accident Fund (RAF) is a state insurer established by statute.

  • It is accordingly proposed that payments pursuant to claims against the Road Accident Fund be treated in the same fashion as workmen‟s compensation.

  • The Road Accident Fund is a state insurer established by statute.


More Definitions of Road Accident Fund

Road Accident Fund means the entity established by section 2 of the Road Accident Fund Act, 1996 (Act No. 56 of 1996); Agreed Agreed Agreed Consensus
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Road Accident Fund means the fund created in terms of the Road Accident Fund Act 56 of 1996 for the payment of compensation in accordance as set out in the Road Accident Fund Act for loss or damage wrongfully caused by the driving of motor vehicles;
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Road Accident Fund means the fund created in terms of the Road Accident Fund Act 56 of 1996 for the payment of compensation in accordance with the Road Accident Fund Act for loss or damage wrongfully caused by the driving of motor vehicles;
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Road Accident Fund means the fund established by section 2 (1) of the Road Accident Fund Act 56 of 1996 ;
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Related to Road Accident Fund

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  • Planned External Financed Generation Capacity Resource means a Planned External Generation Capacity Resource that, prior to August 7, 2015, has an effective agreement that is the equivalent of an Interconnection Service Agreement, has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close, and has secured at least 50 percent of the MWs of firm transmission service required to qualify such resource under the deliverability requirements of the Reliability Assurance Agreement.