One of the best ways for increasing road traffic safety, especially reducing the number of traffic accidents, is identification and remediation of road segments on the transport network with an extremely high level of risk for traffic accident occurrence, or so-called hazardous locations. In order to accomplish a successful identification of hazardous locations, it is necessary to have access to high-quality traffic accidents database, as well as to select the appropriate identification method. For the research conducted in this paper, Rate Quality Control method, i.e. a statistical method that determines the critical level of traffic accident occurrence based on the number of traffic accidents and traffic load at the observed location, has been selected as a relevant method for the identification of hazardous locations. The most dangerous state road in the Republic of Croatia, with official designation State Road D8, was selected as the reference road. In the process of identifying hazardous locations, a statistical examination of danger level was performed on previously defined locations, which have later been ranked according to the degree of danger as well as analyzed in detail conforming to the defined criteria.