Compulsory Third Party Insurer Licence - Australian Capital Territory

Description

You will require this licence if you are a licensed insurer and intend to offer compulsory third party (CTP) motor vehicle insurance in the Australian Capital Territory.

Please be aware that if your application is approved you must provide the Agency with information on the premiums you intend to charge.

Please use the contact details below to find out more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this licence your corporation must:

  • Submit an application form:
  • Be licensed to act as an insurer, and carry on an insurance business;
  • Be a party to the insurance industry deed; and
  • Pay the prescribed fees.

If you hold a licence in another State or Territory and intend to conduct work in the Australian Capital Territory your licensing status may be recognised under the mutual recognition system. To be eligible you will need to provide a copy of this licence.

Please consult the Contact Officer for more information regarding eligibility requirements.

Duration

As specified on your licence.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Please consult the Contact Officer for information on fees to be submitted.

Forms

Task Business Structure Resources
Apply All Application for a CTP Insurer Licence - Please consult the Contact Officer for information on forms to be submitted.

Act(s) name

Road Transport (Third-Party Insurance) Act 2008 ACT

Regulation(s) name

Road Transport (Third-Party Insurance) Regulation 2008 ACT

Lodgement process

Apply

You may be required to provide a copy of the authority to carry on an insurance business. Please lodge your application and any associated documentation directly with the Agency.

Administering agency

Chief Minister, Treasury and Economic Development Directorate

Treasury

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Enquiries

Treasury

Chief Minister, Treasury and Economic Development Directorate
Mailing address: GPO BOX 158
Canberra, Australian Capital Territory 2601
Phone: 02 62075111
Phone: 132281