Insurer must disclose relevant interest in relation to repairer
28K Insurer must disclose relevant interest in relation to repairer
An insurer must, before engaging or authorising a repairer to undertake repairs under a policy of insurance issued by the insurer, disclose to the holder of the insurance policy in the prescribed manner any relevant interest held by the insurer in relation to the repairer.
An insurer must, at the prescribed times and in the prescribed manner, disclose to the holder of an insurance policy issued by the insurer whether or not the insurance policy contains a provision allowing the holder of the insurance policy to make a choice as to which repairer may be engaged to undertake repairs under the insurance policy.
In this section, an insurer holds a relevant interest in relation to a repairer if—
the insurer owns, or has any financial interest in, the business of the repairer; or
the insurer has entered into a contract or other arrangement with the repairer in relation to engaging the services of the repairer under a policy of insurance issued by the insurer.
This provision refers to the regulations (prescribed manner
). Made under this Act:
- Fair Trading (Building and Construction Industry Dispute Resolution Code) Regulations 2017
- Fair Trading (Fuel Pricing Information) Regulations 2021
- Fair Trading (Mining and Resources Industry Land Access Dispute Resolution Code) Regulations 2018
1 more instrument made under this Act are listed on the Act’s overview.
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