Functions of the Motor Accident Insurance Commission
The Motor Accident Insurance Act 1994 establishes the functions of the Commission.
The key functions are:
-
licensing and supervising CTP insurers;
-
monitoring the operation of the scheme;
-
fixing the range within which each insurer's premium must fall and recommending to Government the levies payable;
-
promoting research, education and the infrastructure to facilitate the rehabilitation of the injured person;
-
developing and maintaining a claims register and statistical database for the purpose of providing management information; and
-
administering the Nominal Defendant Fund.
Last reviewed 7 January 2008
Other languages