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.
The following legislation applies to IBNR:
- Acts Interpretation Act 1901
- Medical Indemnity Act 2002
- Medical Indemnity Regulations 2003
- Medical Indemnity (IBNR Claims Protocol 2006)