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 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) .
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) .
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