Corporations Act 2001
CHAPTER 7
-
FINANCIAL SERVICES AND MARKETS
PART 7.1
-
PRELIMINARY
Division 2
-
Definitions
SECTION 761CAA
MEANING OF
CLAIMANT INTERMEDIARY
761CAA(1)
A person is a claimant intermediary if the person: (a) carries on a business of representing persons insured under insurance products in pursuing claims under those products; and (b) represents those persons insured for a benefit given as consideration for that service, whether a monetary benefit or otherwise and whether given to the person providing the services or another person nominated by that person. 761CAA(2)
The regulations may prescribe circumstances in which a person is not a claimant intermediary despite subsection (1) .
[ CCH Note: Ch 7 will be amended by No 8 of 2022, s 3, Sch 2[165], by inserting the note, (effective 1 July 2022). The note will read:
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .]
View history note
Hide history noteA person is a claimant intermediary if the person: (a) carries on a business of representing persons insured under insurance products in pursuing claims under those products; and (b) represents those persons insured for a benefit given as consideration for that service, whether a monetary benefit or otherwise and whether given to the person providing the services or another person nominated by that person. 761CAA(2)
The regulations may prescribe circumstances in which a person is not a claimant intermediary despite subsection (1) .
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.