You will need this licence if you are a licensed insurer and intend to offer Motor Accident Injury (MAI) insurance under the MAI Scheme.
Third party motor insurance is an insurance policy which insures the owner of a motor vehicle against liability for the injury or death of people caused by the owner or driver of the vehicle. Third party motor insurance is compulsory in the ACT and must be taken when registering a motor vehicle.
Please be aware that if your application is approved you must provide the Agency with information on the premiums you intend to charge for approval.