Road Accident Fund has posted 1 jobs
MANDATEThe RAF is a juristic person established by an Act of Parliament, namely, the Road Accident Fund Act, 1996 (Act No. 56 of 1996) as amended (”RAF Act”). It commenced operations on 1 May 1997, assuming at the time, all the rights, obligations, assets and liabilities of the Multilateral Motor Vehicle Accidents Fund. The RAF is responsible for providing appropriate cover to all road users within the borders of South Africa; rehabilitating and compensating persons injured as a result of motor vehicles in a timely and caring manner; and actively promoting the safe use of all South African roads. Section 3 of the RAF Act stipulates that “the object of the Fund shall be the payment of compensation in accordance with this Act for loss or damage wrongfully caused by the driving of a motor vehicle”.
HOW DO I CLAIM?
The client base of the RAF, therefore, comprises not only the South African public, but all foreigners within the borders of the country. The RAF provides two types of cover, namely personal insurance cover to accident victims or their families, and indemnity cover to wrongdoers. Predecessors Prior to 1997, the system of compulsory motor vehicle accident insurance was governed by the following legislation:
- Motor Vehicle Insurance Act, 1942 (Act No. 29 of 1942)
- Compulsory Motor Vehicle Insurance Act, 1972 (Act No. 56 of 1972);
- Motor Vehicle Accident Act, 1986 (Act No. 84 of 1986); and
- Multilateral Motor Vehicle Accidents Fund Act, 1989 (Act No. 93 of 1989).
- Parliament (National Assembly) through the relevant Portfolio Committee and the Standing Committee on Public Accounts (SCOPA);
- The Executive Authority, the Honorable Minister of Transport; and
- The Board of the RAF.