These agreements between the Secretary of State for the Environment and Transport and MIB explain the precise circumstances under which an application from a victim of untraced motorist will be paid.

In general terms, the 1972 agreement specifies that MIB will make an award for compensation to the victim of a negligent untraced motorist in respect of personal injuries only, where such injuries are caused by the use of a vehicle which is required to be insured by law.

The 1977 agreement simplifies, for certain cases, the procedures detailed under the 1972 agreement.

The 1996 agreement consolidates the 1972 and 1977 agreements, updates references to statute and introduces a further requirement that to be eligible for compensation the applicant must have reported the accident to the police within a reasonable period. The 1996 agreement applies in respect of accidents occurring on or after 1 July 1996. The 2003 agreement applies in respect of accidents on or after 14 February 2003 and consideration will be given to property damage subject to the accident being reported to the police within 5 days or as soon as reasonably possible and the offending vehicle is identified. Claims will be subject to a £300 excess.