Insurance Regulations 2002
7CEntitlement to payment of claimant under protected policy—period for making claim
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7C Entitlement to payment of claimant under protected policy—period for making claim
Start day (1) For subparagraph 62ZZF(1)(b)(i) of the Act, the day on which the period mentioned in paragraph 62ZZF(1)(b) of the Act starts in relation to: (a) a person who is entitled to claim under insurance cover provided under a protected policy issued by a general insurer, as described in paragraph 62ZZF(1)(a) of the Act; and (b) the general insurer; is specified in the following table.
| Item | If ... | the day on which the period starts is ... |
|---|---|---|
| 1 | the person did not make a claim under the insurance cover before the Minister made the declaration, under subsection 62ZZC(1) of the Act, that Division 3 of Part VC of the Act applies in relation to the general insurer | the day on which the Minister made the declaration |
| 2 | the person made a claim under the insurance cover before the Minister made the declaration, under subsection 62ZZC(1) of the Act, that Division 3 of Part VC of the Act applies in relation to the general insurer | the day on which the person made the claim |
End day (2) For subparagraph 62ZZF(1)(b)(ii) of the Act, the day on which the period mentioned in paragraph 62ZZF(1)(b) of the Act ends is the day that occurs 12 months after the day on which the Minister made the declaration, under subsection 62ZZC(1) of the Act, that Division 3 of Part VC of the Act applies in relation to the general insurer.
Note: APRA may extend the period within which a claim may be made—see subsection 62ZZA(1) of the Act.