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Insurance Guarantee Fund boosts coffers in 2014

PR dla Zagranicy
John Beauchamp 30.12.2014 10:32
Over PLN 40 million was paid into the Insurance Guarantee Fund from fines for drivers who were caught without possessing mandatory third party road insurance.

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The figure is almost double than last year, when the fund received PLN 26 million. Currently, the fine is over PLN 3,000.

The Insurance Guarantee Fund works as a safety catch in the insurance market, acting as a buffer to pay out funds for drivers who cause accidents but do not hold insurance. (jb)

Source: Puls Biznesu

tags: insurance
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