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What is the purpose of the Tort Victims Compensation Fund?

April 26, 2017compensation fund purpose tort victims

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What is the purpose of the Tort Victims Compensation Fund?

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The purpose of the Fund is to help compensate people who have been injured due to the negligence or recklessness of another (such as in a motor vehicle collision or a hunting accident), and who have been unable to obtain full compensation because the party at fault (the “tortfeasor”) had no insurance, or inadequate insurance, or has filed for bankruptcy, or for other reasons specified in the law.