Australian Capital Territory Consolidated Regulations

CIVIL LAW (WRONGS) REGULATION 2003 - REG 12

    (1)     Each of the following is a prescribed class of insurance policy:

        (a)     professional indemnity insurance for doctors;

        (b)     professional indemnity insurance for people other than doctors;

        (c)     each class of direct business for which information is required under the reporting standard GRS 210.1 (Premium Liabilities – Insurance Risk Charge) made by APRA under the Financial Sector (Collection of Data) Act 2001 (Cwlth), section 13 (other than professional indemnity).

Note     Par (c) requires information about the following classes of direct business (described in the instruction guide in the standard):

              •     houseowners/householders

              •     commercial motor vehicle

              •     domestic motor vehicle

              •     travel

              •     fire and industrial special risks

              •     marine

              •     aviation

              •     mortgage

              •     consumer credit

              •     other accident

              •     other

              •     compulsory third-party motor vehicle

              •     public and product liability

              •     employers' liability.

    (2)     A report must state, for each class of policy, the value of claims paid.

    (3)     A report must be given in writing.