CMA Issues Decision Amending the Provisions of the Fund for Aid of the Injured

HE Sultan Salim Al Habsie, Minister of Finance and  Chairman of the Capital Market Authority has issued a decision amending certain provisions of the Fund for the aid of injured and the heirs of the deceased in in traffic accidents. The changes relates to  the terms and conditions of the cases covered by the aid from the fund, the period for application and the maximum limit of compensation as well as the exclusions where the requests for aid will not be admitted.

The decision pointed out that to cover the case there should be contact between the vehicles that caused the accident or the injured person provided the accident result in death, bodily injury or damage not less than RO 500 and that the  total treatment costs shall not be less than RO 500.

The decision included the terms for application for aid from the fund. Applications related to death or bodily injury must be submitted within two years from the date of the accident and for financial damage they must be submitted within  six months from the date of the accident.

The decision specified the seal for compensation at RO 30,000 maximum for bodily injury calculated by multiplying the percentage to total disability in accordance with the medical report by RO 30,000 and treatment costs at a maximum RO 5,000 per person, ambulance expenses at RO 400 maximum for each injured person.

The decision excluded from the aid or compensation by the fund the injured with no permanent disability and the damage to vehicles owned by the government or a company or an enterprise as well as cases of vehicles running over animals or evading collision with them.

It is worth to note the fund was established in 2018 with the aim of providing aid and compensation in the event the vehicle that caused the accident is unknown or has no insurance cover.