103KMaking claim under indemnity

103K Making claim under indemnity

103K Making claim under indemnity

(1) A claim by a beneficiary under the indemnity provided by this Division is to be made to the Authority in accordance with the procedures approved under this section.

(2) The claim may be made in respect of any matter whether or not a claim in respect of that matter has been made against an insolvent insurer or a liquidator of an insolvent insurer or any other person.

(3) The Authority may from time to time approve of procedures for the making, handling and resolution of claims.

(4) Without limiting subsection (3), the Authority may approve as part of those procedures—

(a) the requirement that a claim be made in a particular way, and

(b) the requirement that a claim be made within a particular time, and

(c) the requirement that the claimant provide particular information, and

(d) the requirement that the claimant verify any information by statutory declaration.

(5) A person must not make a statement in relation to the making of a claim under this Part that the person knows is false or misleading.

Maximum penalty (subsection (5)): 100 penalty units.

s 103K: Ins 2001 No 41, Sch 2 [1]. Am 2017 No 28, Sch 1 [48] [49]; 2024 No 53, Sch 2.2[4] [5].