Australian Capital Territory Numbered Regulations Australian Capital Territory Numbered Regulations(1) A licensed insurer must, not later than 15 days after the end of each reporting period, give the CTP regulator a return for the reporting period.
Note If a respondent's claim manager is acting for all respondents for the claim, the insurer may not need to provide information (see s 34).
(2) A return must state—
(a) the insurer's costs for each motor accident claim for the reporting period ; and
(b) any amount recovered in relation to the claim by the insurer under the Act, part 4.11 (CTP insurer and nominal defendant may recover costs incurred).
(3) A return must include details updating information supplied in previous returns about motor vehicle accidents, claims, estimates and costs.
(4) In this section:
"insurer's costs", for a motor accident claim, means the following:
(a) professional legal costs and disbursements incurred by the insurer in relation to the claim;
(b) costs incurred by the insurer investigating the facts and circumstances of the claim;
(c) the cost of medical treatment and rehabilitation services incurred in relation to the claimant for the personal injury for the claim;
(d) the cost of medical examinations and medical reports incurred in relation to the claimant;
(e) the cost of expert reports arranged under the Act, section 118 (Parties may jointly arrange for expert report) incurred in relation to the claimant;
(f) any other cost the CTP regulator, by notice to the licensed insurer, requires to be reported in a return.
"reporting period," for a return, means—
(a) unless the CTP regulator gives licensed insurers a notice mentioned in paragraph (b)—a quarter; or
(b) if the CTP regulator gives licensed insurers written notice that the reporting period is to be reduced to 1 month from a stated date at least 3 months after the day the notice is given—1 month.