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MOTOR ACCIDENT INSURANCE ACT 1994 - SECT 41A
Supervising principal must complete law practice certificate on settlement or judgment
41A Supervising principal must complete law practice certificate on settlement
or judgment
(1) This section applies if— (a) a law practice is retained by a claimant to
act in relation to the claimant’s claim; and
(b) either— (i) the claimant
or the insurer accepts an offer (or counter offer) of settlement; or
(ii)
judgment is given on the claim.
(2) The supervising principal of the law
practice in relation to the claim must— (a) complete a law practice
certificate for the claim; and
(b) give the certificate to the insurer and a
copy of the certificate to the claimant within 7 days after the acceptance or
judgment.
Penalty— Maximum penalty—300 penalty units.
Note— See also section 36C .
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