Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.1 - PRELIMINARY  

Division 2 - Meaning of some terms relating to financial services and markets  

SECTION 761DA   MEANING OF INSURANCE CLAIMS MANAGER  

761DA(1)    
A person is an insurance claims manager if:

(a)    the person carries on a business of providing claims handling and settling services on behalf of one or more insurers; and

(b)    where the person, as part of that business, also provides goods or other services - providing claims handling and settling services on behalf of one or more insurers is the primary part of the business.

761DA(2)    
The regulations may prescribe:

(a)    circumstances in which, for the purposes of subsection (1) , providing claims handling and settling services on behalf of one or more insurers is taken to be the primary part of a business carried on by a person; and

(b)    circumstances in which, for the purposes of subsection (1) , providing claims handling and settling services on behalf of one or more insurers is taken not to be the primary part of a business carried on by a person.