54CE
In forceAnnual statement about claims
Part 5APrescribed residential building work - consumer protection
Division 3Residential building insurance provided by approved insurers
54CE Annual statement about claims
(1) An approved insurer must, within the period specified by regulation, give the Minister a written statement about claims on authorised RBI policies dealt with by the insurer during a financial year.
(2)
The statement must include the following information:
(a)
the number of claims;
(b)
the amount of each claim;
(c)
the number of claims that were paid;
(d)
the amount paid on each claim;
(e)
if a claim was rejected – the reason for its rejection.
This Act’s bill:Second reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.