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national guarantee fund

(in relation to an EEA State) a body which:

  1. (a) has been set up or authorised in that State in accordance with article 1(4) of Council Directive (84/5/EEC); and
  2. (b) provides compensation for damages to property or personal injuries caused by unidentified vehicles for which the insurance obligation provided for in article 1(1) of that Directive has not been satisfied.2