The financial means of Guarantee Fund are used for payment of insured sum, that is, settlement of damages sustained by third parties as defined by the Compulsory Traffic Insurance Law:
1) caused by use of motor vehicle, aircraft, vessel or any other means of transport where compulsory insurance contract has not been signed pursuant to this Law;
2) due to death, bodily injury or impairment of health caused by use of unidentified motor vehicle, aircraft, vessel or any other means of transport;
3) caused by motor vehicle, aircraft, vessel of any other means of transport insured with insurance company that ceased its operations or that is being under liquidation or bankruptcy proceedings;
4) for cases defined in the Articles 34, 38 and 40 of this Law.