MOTOR ACCIDENT INSURANCE ACT 1994 - SECT 65 Industry deed

MOTOR ACCIDENT INSURANCE ACT 1994 - SECT 65

65 Industry deed

(1) A licensed insurer is bound by the industry deed.

(2) The industry deed may—

(a) require licensed insurers to make disclosures and reports to the commission in accordance with stipulated standards and requirements; and

(b) deal with the apportionment of liability, and the sharing of costs, between licensed insurers (including the Nominal Defendant); and

(ba) provide for the appointment of a person to arbitrate disputes between 2 or more insurers about a claim; and

(c) provide for the sharing of information between insurers to the mutual benefit of insurers; and

(d) regulate the management of claims under CTP insurance policies; and

(e) provide direction and guidance for licensed insurers about initiating, managing, monitoring, and measuring the effectiveness of, the provision of rehabilitation services for injured claimants; and

(f) regulate in any other way the conduct of insurance business under the statutory insurance scheme.