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.
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