Page 318 - Motor Insurance Ebook IC 72
P. 318
The Insurance Times
12. The automated transaction level data (data upload)
will continue to flow from the companies to the pool
administrator as at present.
13. Treatment of monies remitted to the pool
administrator up to 31/3/10. The pool administrator
shall follow up with the insurance companies to
recover all monies payable to the pool up to 31/3/
10.
The fund after adjustment will be distributed back
to the insurers by the pool administrator after due
reconciliation. For this purpose the pool administrator
shall prepare statements of accounts duly audited
by their Chartered Accountant. This process shall
be completed by 30.9.2010.
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