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The Compensation Fund
The Compensation Fund, managed by the Kosovo Insurance Bureau, was established to protect injured parties in cases where compensation from a valid insurance contract is not possible. This fund operates in accordance with the Law on Compulsory Motor Liability Insurance, acting as a protective and solidarity mechanism for citizens.
When the Compensation Fund is Activated
The fund is activated in the following situations:
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When damage is caused by a motor vehicle that is not insured with a valid compulsory insurance policy.
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When the motor vehicle that caused the accident is unknown (in hit-and-run cases).
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When the insurance company is in liquidation or bankruptcy and is unable to fulfill its obligations to the injured parties.
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In other cases provided by law, where the injured party cannot receive compensation through their insurer.
Funding of the Fund
The Compensation Fund is financed by mandatory contributions from insurance companies that operate in the compulsory motor liability insurance sector. These contributions are determined by a decision of the competent authority and are administered transparently by the Kosovo Insurance Bureau in accordance with the law.
Purpose of the Fund
The Compensation Fund aims to:
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Provide fair and swift protection for injured parties.
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Maintain public trust in the insurance system.
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Strengthen solidarity in the insurance market and ensure that no one is left without support in the event of an accident.
This mechanism represents an essential part of the insurance system in Kosovo, contributing to the stability and reliability of the market and protecting the interests of citizens.
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- Name
- Compensation Fund
- CreatedDate
- 29.8.2025 9:52:49 e pasdites
- Order
- 21
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