Statutory Funds

Statutory funds

The Commission maintains a number of statutory funds that protect the public and support a stable insurance market — from compensating road-accident victims to safeguarding policyholders when an insurer fails.

• Agricultural Insurance FundHelping farmers manage weather and production risks through agricultural insurance.
• Client Rescue FundProtecting policyholders when a licensed insurer is unable to meet valid claims.
• Fire Control FundSupporting fire prevention and fire-fighting capacity through the insurance industry.
• Insurance Education FundBuilding public understanding of insurance and the rights of policyholders.
• Motor Compensation FundCompensation for people harmed in road accidents involving uninsured or untraced vehicles.

These funds are established under the Insurance Act, 2021 (Act 1061).