Standard 6 - recoveries
Enabling insurers to recover funds from third parties who share a proportion of the liability for an injury helps to ensure the sustainability of the workers compensation system.
Recoveries
Principle: Claims will be screened early to determine whether any third-party recoveries are to be pursued.
Expectation | Benchmark | |
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S6.1 | Insurers must screen all new claims for potential recoveries and make a record of the investigation undertaken to determine whether recoveries are relevant and the outcome of the investigation. | Initial screening to occur within 15 working days of receipt of a new claim |