Accident Compensation Act 2001

Provisions relating to transition from competitive provision of workplace accident insurance

341: Interpretation

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"Explains important words used in this part of the law"

In this part of the law, some important words are explained to help you understand what they mean.

The '1998 Act' refers to the Accident Insurance Act 1998. The '2000 Act' means the Accident Insurance (Transitional Provisions) Act 2000. An 'accident insurance contract' is a special agreement made under the 1998 Act.

An 'insurer' is a company that was registered under the 1998 Act. This includes employers who have a special agreement with an insurer to manage claims for their workers. It also includes people who manage insurers, and the Regulator, who helps if an insurer can't pay its bills. The Regulator also looks after a special fund for people who didn't follow the rules, unless this job has been given to the Corporation. Sometimes, 'insurer' can also mean the Corporation.

If you see any other words in this part that aren't explained here, but are explained in the 1998 Act, they mean the same thing as they do in that Act.

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342: Savings in respect of accident insurance contracts and injuries to which contracts apply under 1998 Act, or

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Part 10Provisions relating to transition from competitive provision of workplace accident insurance

341Interpretation

  1. In this Part,—

    1998 Act means the Accident Insurance Act 1998

      2000 Act means the Accident Insurance (Transitional Provisions) Act 2000

        accident insurance contract means an accident insurance contract entered into under the 1998 Act

          insurer means an insurer that was registered under the 1998 Act, while that registration continues under this Act and the insurer is still managing claims under that Act to which this Part applies; and includes—

          1. an employer who, because of a risk sharing agreement with an insurer, is responsible for providing claims management services in relation to cover and statutory entitlements for the employer's employees:
            1. the administrator of an insurer, in the administrator's role under this Part:
              1. the Regulator, in the Regulator's role of meeting obligations of an insolvent insurer under this Part:
                1. the Regulator, in the Regulator's role of administering the Non-Compliers Fund under this Part unless this has been transferred to the Corporation under section 345:
                  1. where the context requires, the Corporation.

                  2. In this Part, unless the context otherwise requires, terms not defined in this Part but defined in the 1998 Act have, in this Part, the same meanings as in the 1998 Act.