Relief fund is a new system stipulated in Article 17 of Road Traffic Safety Law. This system is a supplement to the compulsory liability insurance for motor vehicle traffic accidents (hereinafter referred to as "compulsory insurance"). The purpose is to ensure that victims can get timely assistance or appropriate compensation through the rescue fund when they can't get compensation according to the compulsory insurance system and the infringer.

The establishment of this system is an important measure to implement Scientific Outlook on Development. It adheres to the people-oriented principle in system design, fully embodies the care and help of the state and society for citizens' safety and health, and is a new social security system, which has very important practical and far-reaching historical significance for resolving social contradictions and promoting the construction of a harmonious society.

Extended data

Sources of road traffic accident relief fund:

1, compulsory motor vehicle traffic accident liability insurance (hereinafter referred to as compulsory insurance) with a certain percentage of insurance premium;

2. Financial subsidies given by local governments according to the amount of business tax paid by insurance companies for compulsory insurance;

3. Fines for motor vehicle owners and managers who fail to apply for compulsory insurance in accordance with regulations;

4, the relief fund fruits;

5. The relief fund management institution shall recover funds from the person responsible for motor vehicle road traffic accidents according to law;

6. Social donation;

7. Other funds.

Baidu Encyclopedia-Road Traffic Accident Relief Fund