Which of the following statements is true regarding claims to the Fund?

The statement about dealers paying $300 to the Fund each year is accurate because this fee is a requirement for licensed dealers to ensure that they contribute to the Ontario Motor Vehicle Industry Council's Compensation Fund. This Fund is designed to protect consumers in cases where dealers fail to fulfill their obligations, providing a financial resource for consumers who might suffer losses due to actions of a dealer.

The other options do not accurately reflect the rules governing claims to the Fund. The assertion that a claim can only be made if the dealer is bankrupt or insolvent is misleading, as claims can be made for various reasons, including misconduct or fraud, not exclusively tied to the dealer's financial status. The idea that a salesperson makes a one-time payment into the Fund is also incorrect because salespeople have different obligations and do not usually contribute in the same way as dealers. Therefore, the focus on the annual payment by dealers accurately reflects the operational reality of the Fund.