Street Victims Protection Fund as Compensation Body acts in the interest of the injured parties as a result of motor vehicle accidents as it is stipulated in chapter 4 of “FPVS’s prerogatives as Compensation Body” as part of “ Norms of FPVS” put into force by the Order no. 1/2008 of the President of the Insurance Supervisory Commission
General Conditions of Intervention as Compensation Body
- for the Romanian residents:
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for accidents caused by insured vehicles normally based in Romania if the accident took place in an EEA member state except the state where they live;
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in the case of injured parties resident in a Member State and entitled to compensation in respect of any loss or injury resulting from accidents occurring in third countries whose national insurer’s bureaux have joined the Green Card system whenever such accidents are caused by the use of vehicles insured and normally based in Romania if the legislation of the state of accident allows the Romanian Compensation Body to take action;
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if the guilty party is insured in Romania or if the accident took place in Romania involving an uninsured vehicle from a different state than the Member States of the EEA;
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the Romanian insurance undertaking of the guilty party has failed to appoint a claims representative in the Member State where the injured party is resident;
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if, within 3 months the Romanian insurance undertaking or its claims representative has not provided a reasoned reply regarding the refusal of the claim of compensation or has not compensated the injured party
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