Australian Capital Territory Numbered Acts

ROAD TRANSPORT (THIRD-PARTY INSURANCE) ACT 2008 (NO. 1 OF 2008) - SECT 269

    (1)     A licensed insurer must give the CTP regulator—

        (a)     periodic returns, as prescribed by regulation, containing the information prescribed by regulation; and

        (b)     information about claims against the insurer that is prescribed by regulation, or that the CTP regulator requires by written notice to the insurer; and

        (c)     other information that is relevant to the administration of this Act that is prescribed by regulation, or that the CTP regulator requires by written notice to the insurer.

Example

An insurer may be required to provide—

(a)     details of motor vehicle accident claims against the insurer, and the dates when notice of the claims were received by the insurer; and

(b)     information about the claimants; and

(c)     information about whether liability was admitted by the insurer, when liability was admitted or denied and, if liability was admitted, the extent to which liability was admitted; and

(d)     information about the rehabilitation services made available to the claimant and the extent to which the rehabilitation services were used by the claimant; and

(e)     information about the costs of the insurer on claims, and how the costs are made up.

Note     An example is part of the Act, is not exhaustive and may extend, but does not limit, the meaning of the provision in which it appears (see Legislation Act, s 126 and s 132).

    (2)     The information must be provided by means of systems for the processing and transmission of information that the CTP regulator requires by written notice to the insurer.

Note     If a form is approved under s 276 for the provision of information under this section, the form must be used.

    (3)     A person commits an offence if the person—

        (a)     is a licensed insurer; and

        (b)     must give the CTP regulator a periodic return or information under this section; and

        (c)     does not give the periodic return or information as required under this section.

Maximum penalty: 150 penalty units.

    (4)     If a court convicts a licensed insurer of an offence against this section, the court may, by order, cancel the insurer's licence.