CTHIn ForceLegislation
Medical Indemnity Regulations 2020
10Amount of claim handling fee
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10 Amount of claim handling fee
General rule (1) The amount of the claim handling fee is 5% of the IBNR indemnity. Rule if high cost claim indemnity payable (2) However, if the underlying payment is a qualifying payment (or one of 2 or more qualifying payments), described in paragraphs 30(1)(e) and (f) of the Act (about high cost claim indemnity), of the MDO, the amount of the claim handling fee is 5% of the sum of: (a) the IBNR indemnity; and (b) the amount by which the IBNR indemnity was less than it would have been had a high cost claim indemnity not been payable because of the qualifying payment.