Incurred But Not Reported Indemnity Scheme

About the Incurred But Not Reported Indemnity Scheme

The IBNR Scheme is designed to fund claims where Medical Defence Organisations do not have adequate reserves to cover their liabilities.

This information will assist you to fill out a Medical Indemnity payment application form under IBNR.

The Australian Government introduced the IBNR Indemnity Scheme legislation on 1 January 2003.

The legislation was designed to fund claims where Medical Defence Organisations (MDOs) didn’t have enough reserves to cover their liabilities.

Relevant legislation

The following legislation applies to IBNR:

  • Acts Interpretation Act 1901
  • Medical Indemnity Act 2002
  • Medical Indemnity Regulations 2003
  • Medical Indemnity (IBNR Claims Protocol 2006)

Finding out more

For more information see Medical Indemnity for insurers or contact us.

This information was printed Monday 20 May 2019 from https://www.humanservices.gov.au/organisations/health-professionals/services/medicare/incurred-not-reported-indemnity-scheme/you-need-know/about-incurred-not-reported-indemnity-scheme It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.humanservices.gov.au/individuals/site-notices when using this material.

Page last updated: 22 February 2019