80‑20 Managing operator’s payments or su80‑20 Managing operator’s payments or supplies

80‑20 Managing operator’s payments or supplies

(1) For the purposes of Divisions 78 and 79, a *managing operator’s payment or supply is treated as follows. (2) If the *managing operator is a party to the *insurance policy settlement sharing arrangement because it issued only one *insurance policy, the *managing operator’s payment or supply is treated as a payment or supply, made by the managing operator, in settlement of a claim relating to the accidents or incidents, under that insurance policy. (3) If the *managing operator is a party to the *insurance policy settlement sharing arrangement because it issued 2 or more *insurance policies, the *managing operator’s payment or supply is treated as a payment or supply made by the managing operator, in settlement of a claim relating to the accidents or incidents, under the insurance policies, and for that purpose is divided among the policies in equal proportions.

Note: Example: 3 vehicles are involved in an accident, 2 of which are covered by insurance policies issued by the managing operator and the other by a policy issued by a contributing operator. The managing operator makes a payment in settlement of a claim by an insured person in respect of the accident.

Note: For the purposes of Division 78 or 79, half of the payment will be treated as being made under each of the policies issued by the managing operator.