Motor Accident Insurance Regulation 2018
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sch.4-sec Recitals
The Motor Accident Insurance Act 1994 establishes a statutory insurance scheme under which powers and responsibilities are to be exercised by the commission, transport administration, the Nominal Defendant and licensed insurers. The purposes of this deed are— to deal with obligations of licensed insurers under the statutory insurance scheme; and to deal with the mutual obligation of insurers in the statutory insurance scheme and with particular aspects of their relationship; and to regulate particular aspects of the insurance business conducted under the statutory insurance scheme; and to deal with the obligation of transport administration to keep records and provide information.
- (a) to deal with obligations of licensed insurers under the statutory insurance scheme; and
- (b) to deal with the mutual obligation of insurers in the statutory insurance scheme and with particular aspects of their relationship; and
- (c) to regulate particular aspects of the insurance business conducted under the statutory insurance scheme; and
- (d) to deal with the obligation of transport administration to keep records and provide information.