COMPENSATION BODY REGULATIONS

COMPENSATION BODY

SUBSIDIARY LEGISLATION 104.04

COMPENSATION BODY REGULATIONS

1st March, 2004

LEGAL NOTICE 94 of 2004.

The title of these regulations is the Compensation Body

Regulations.

In these regulations, unless the context otherwise requires -

"the Ordinance"means the Motor Vehicles Insurance (Third-

Party Risks) Ordinance;

"the Fund" means the Protection and Compensation Fund

established by article 49 of the Insurance Business Act.

The Compensation Body referred to in article 9C of the

Ordinance, shall be the Bureau defined for the purposes of

regulation 23(1) of the Protection and Compensation Fund

Regulations, known as the Motor Insurers Bureau.

Every insurer carrying business of motor insurance in

Malta shall pay a contribution to the Compensation Body to be

utilised exclusively for the payment of claims of civil liability by

the Compensation Body. The Compensation Body shall establish

such contribution, taking into account the sums required, or

expected to be required, for the purpose of the Compensation Body.

No payment shall be made by the Compensation Body in

those circumstances where no payment would have been made by

the Fund pursuant to regulation 28( b) o f t h e P r o t e c t i o n a n d

Compensation Fund Regulations.

In considering compensation to any application for

payment, the Compensation Body shall take into account any other

amount of compensation made to the applicant in respect of the

same liability under any other law.

In all cases of compensation, the total liability which shall

be required to be made by the Compensation Body shall be up to

the same amount as is required to be covered by a policy of

insurance under the Ordinance or by such regulations as may be

issued from time to time.