Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.1 - PRELIMINARY  

Division 2 - Definitions  

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.


 

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