Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.1 - PRELIMINARY  

Division 1 - General  

REGULATION 7.1.04CB  

7.1.04CB   WHEN PROVIDING CERTAIN CLAIMS HANDING AND SETTLING SERVICES IS NOT THE PRIMARY PART OF A BUSINESS  


For the purposes of paragraph 761DA(2)(b) of the Act, circumstances in which a person ' s provision of 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 the person are when those services are:

(a)    investigating the validity of claims under insurance products, or providing assistance in relation to such investigations; or

(b)    assessing the extent of insurers ' liabilities to other persons under insurance products under which claims are made, or providing assistance in relation to such assessments.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.