With regard to the huge damages from driving accidents in Iran, a loggedremedy to the losses of these accidents has a great importance. For thispurpose, when legislators approved the mandatory Insurance Act forterrestrial motorized vehicle holders against third parties in 1387, they hasresort to two solutions for facilitating redress of losses from these accidents:(1) requiring insurance for terrestrial motorized vehicles; and (2) theestablishment of the Fund of Providing Corporeal Damages. These twosolutions were in parallel with each other but not of the same extent; redressby way of the Fund is when, for whatever reason, payment of damagesthrough an insurer is not possible. This essay seeks to investigate the basicsand nature of the Fund, the limitation of obligation and the requirements fordamages compensable by the Fund in order to form a descriptive andanalytic examination and offer suggestions for the removal barriersalongside indication of present problems.Keywords:Corporeal damage, Mandatory liability insurance, Motor accidents,Distributive justice, Equity.