7.1.04CB

When providing certain claims handing and settling services is not the primary part of a business

Current

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 Act’s bill:Explanatory statement

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