Offence—liquidator to give applications for defined benefits and motor accident claims to nominal defendant
425 Offence—liquidator to give applications for defined benefits and motor accident claims to nominal defendant
The liquidator of an insolvent insurer commits an offence if the liquidator—
receives an application for defined benefits in relation to a motor accident for which the insolvent insurer is the relevant insurer; and
does not give the application to the nominal defendant.
Maximum penalty: 20 penalty units.
The liquidator of an insolvent insurer commits an offence if the liquidator—
receives a motor accident claim in relation to an MAI policy issued by the insolvent insurer; and
does not give the motor accident claim to the nominal defendant.
Maximum penalty: 20 penalty units.
Note Penalties imposed under this Act must be paid into the nominal defendant fund (see s 330).
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