Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.1
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PRELIMINARY
Division 2
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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.
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 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.