About the Incurred But Not Reported Indemnity Scheme
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).
Finding out more
Page last updated: 22 October 2019
This information was printed 27 May 2020 from https://www.servicesaustralia.gov.au/organisations/health-professionals/services/medicare/incurred-not-reported-indemnity-scheme/you-need-know/about-incurred-not-reported-indemnity-scheme. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/individuals/site-notices when using this material.