52-485: State Government Insurance Office (SGIO) may refer to: GIO Insurance , formerly the Government Insurance Office of New South Wales State Government Insurance Office (Queensland) State Government Insurance Office (Western Australia) Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with
104-532: A $ 1000 deductible , such as a collision damage waiver ) as part of its basic insurance policy. In Saskatchewan , residents have the option to have their auto insurance through a tort system but less than 0.5% of the population have taken this option. Facility insurance policies are offered by the "facility association residual market" (or "FARM"), as a last resort since auto insurance is mandatory in Canada, for private and commercial high-risk drivers who cannot buy
156-715: A bodily injury coverage limitation of €8–15,000,000 for each bodily injured person). Third party vehicle insurance is mandatory for all vehicles in Hungary . No exemption is possible by money deposit. The premium covers all damage up to HUF 500m (about €1.8m) per crash without deductible. The coverage is extended to HUF 1,250m (about €4.5m) in case of personal injuries. Vehicle insurance policies from all EU countries and some non-EU countries are valid in Hungary based on bilateral or multilateral agreements. Visitors with vehicle insurance not covered by such agreements are required to buy
208-445: A common insurance policy, while the all-inclusive policies ( kasko policy) which include also damages of the vehicle causing the crash or the injuries. It is also common to include a renounce clause of the insurance company to compensate the damages against the insured person in some cases (usually in case of DUI or other infringement of the law by the driver). The victims of crashes caused by non-insured vehicles could be compensated by
260-483: A monthly, renewable policy at the border. The Road Traffic Act, 1933 requires all drivers of mechanically propelled vehicles in public places to have at least third-party insurance, or to have obtained exemption – generally by depositing a (large) sum of money to the High Court as a guarantee against claims. In 1933, this figure was set at £ 15,000. The Road Traffic Act, 1961 (which is currently in force) repealed
312-451: A motor vehicle in all federal states of Germany . In addition, every vehicle owner is free to take out a comprehensive insurance policy. All types of car insurance are provided by several private insurers. The amount of insurance contribution is determined by several criteria, like the region, the type of car or the personal way of driving. The minimum coverage defined by German law for car liability insurance / third-party personal insurance
364-559: A police station within ten days if requested by an officer. Proof of having insurance or an exemption must also be provided to pay for the motor tax . Those injured or suffering property damage/loss due to uninsured drivers can claim against the Motor Insurance Bureau of Ireland's uninsured drivers fund, as can those injured (but not those suffering damage or loss) from hit and run offences. The law 990/1969 requires that each motor vehicle or trailer standing or moving on
416-501: A policy in the voluntary market (regular auto insurance). Traffic Compulsory Insurance provides protection in the event of third party injuries, third party property losses, etc. The minimum liability cover is RMB180,000 (US$ 27,907) for death and injury/per crash, RMB18,000 (US$ 2,791) for medical expense, and RMB2,000 (US$ 310) for physical loss. Additional 3rd Party Liability Insurance also known as Commercial Motor Insurance provides extra cover up to RMB10,000,000 (US$ 1,550,388) excluding
468-492: A public road have third-party insurance (called RCA, Responsabilità civile per gli autoveicoli ). Historically, a part of the certificate of insurance must be displayed on the windscreen of the vehicle. This latter requirement was revoked in 2015, when a national database of insured vehicles was built by the Insurance Company Association (ANIA, Associazione Nazionale Imprese Assicuratrici ) and
520-604: Is an Australian general insurance provider. It offers insurance products, such as car, home and contents, CTP, boat, caravan, travel, business, public liability and workers compensation and life, primarily in the state of New South Wales and the Australian Capital Territory. The insurer was founded as the Government Insurance Office New South Wales in 1927 to provide workers compensation insurance and adopted
572-539: Is calculated through the rates provided by the Tariff Advisory Committee. This is a branch of the IRDA (Insurance Regulatory and Development Authority of India). It covers bodily injury/accidental death and property damage. In Malaysia, renewing car insurances is a very common thing. In general, there are four types of car insurance available for Malaysians: This is the minimum cover corresponding to
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#1732781175559624-463: Is compulsory in every state in Australia and is paid as part of vehicle registration. It covers the vehicle owner and any person who drives the vehicle against claims for liability for death or injury to people caused by the fault of the vehicle owner or driver. CTP may include any kind of physical harm, bodily injuries and may cover the cost of all reasonable medical treatment for injuries received in
676-476: Is compulsory to have vehicle insurance before using or keeping a motor vehicle on public roads. Most jurisdictions relate insurance to both the car and the driver; however, the degree of each varies greatly. Several jurisdictions have experimented with a "pay-as-you-drive" insurance plan which utilizes either a tracking device in the vehicle or vehicle diagnostics. This could address issues of uninsured motorists by providing additional options and also charge based on
728-590: Is for injuries or death of someone in a motor crash. In New South Wales , each vehicle must be insured before it can be registered. It is often called a 'greenslip', because of its colour. There are five licensed CTP insurers in New South Wales. Suncorp holds licences for GIO and AAMI and Allianz holds one licence. The remaining two licences are held by QBE and NRMA Insurance (NRMA). APIA and Shannons and InsureMyRide insurance also supply CTP insurance licensed by GIO. A privately provided scheme also applies in
780-606: Is managed through Territory Insurance Office (TIO). For all types of motor insurance policies in Bangladesh , the limit of liability has been fixed by the law. Currently, the limits are too low to compensate the victims. In respect of Act Only Liability Motor Vehicle Insurance, the compensation for personal injuries and property damage to third parties is ৳ 20,000 (US$ 167) BDT 20,000 for death, ৳ 10,000 (US$ 84) for severe injury, ৳ 5,000 (US$ 42) for injury, and ৳ 50,000 (US$ 418) for property damage. The limits are under review by
832-474: Is mandatory everywhere except for Newfoundland and Labrador . All provinces in Canada have some form of no-fault insurance available to crash victims. The difference from province to province is the extent to which tort or no-fault is emphasized. International drivers entering Canada are permitted to drive any vehicle their licence allows for the three-month period for which they are allowed to use their international licence. International laws provide visitors to
884-539: Is paid to the local Samsat ( Sistem Administrasi Manunggal di bawah Satu Atap ), which is responsible for cars and roads. Auto insurance in India covers the loss of or damage caused to the automobile or its parts due to natural and man-made calamities. It provides accident cover for individual owners of the vehicle while driving and also for passengers and third party legal liability . There are certain general insurance companies who also offer online insurance service for
936-585: Is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as vandalism , weather or natural disasters , and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region. Widespread use of
988-419: Is €7,500,000 for bodily injury (damage to people), €500,000 for property damage and €50,000 for financial/fortune loss which is in no direct or indirect coherence with bodily injury or property damage. Insurance companies usually offer all-in/combined single limit insurance policies of €50,000,000 or €100,000,000 (about €141,000,000) for bodily injury, property damage and other financial/fortune loss (usually with
1040-782: The Australian Capital Territory through AAMI, APIA, GIO and NRMA. Vehicle owners pay for CTP as part of their vehicle registration. In Queensland , CTP is included in the registration fee for a vehicle. There is a choice of private insurer – Allianz, QBE and Suncorp and price is government controlled. In South Australia , since July 2016, CTP is no longer provided by the Motor Accident Commission . The government has now licensed four private insurers – AAMI, Allianz, QBE and SGIC – to offer CTP insurance SA. Since July 2019, vehicle owners can choose their own CTP insurer and new insurers may also enter
1092-822: The United Kingdom with the Road Traffic Act 1930 . This ensured that all vehicle owners and drivers had to be insured for their liability for injury or death to third parties while their vehicle was being used on a public road. Ireland replicated the obligation via the Road Traffic Act, 1933. Germany enacted similar legislation in 1939 called the "Act on the Implementation of Compulsory Insurance for Motor Vehicle Owners". The EU (then EEC) required mandatory insurance cover be mandated by all member states, from 1973. In many jurisdictions, it
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#17327811755591144-526: The 1933 act but replaced these sections with functionally identical sections. From 1968, those making deposits require the consent of the Minister for Transport to do so, with the sum specified by the Minister. Those not exempted from obtaining insurance must obtain a certificate of insurance from their insurance provider, and display a portion of this (an insurance disc ) on their vehicles' windscreen (if fitted). The certificate in full must be presented to
1196-469: The Laws of Hong Kong), all users of a car, include its permitted users, must have insurance or some other security with respect to third-party risks. Third party insurance protects the policyholder against liability of death or bodily injury to third party up to HK$ 100 million ( US$ 12.87 million) and/or damage to third party property up to HK$ 2 million ( US$ 257,400.26) as a result of crash arising out of
1248-630: The NSW Treasury Insurance Branch. The Act was amended over the years to widen its scope to life insurance. In 1989 the name GIO Australia was adopted to reflect the business nationwide. In April 1991, an association was formed with the Home Building Society in Western Australia which made GIO's personal and life insurance products available through 30 Home Building Society outlets. It also acquired
1300-514: The National Transportation Authority ( Motorizzazione Civile ) to verify (by private citizens and public authorities) if a vehicle is insured. There is no exemption policy to this law disposition. Driving without the necessary insurance for that vehicle is an offence that can be prosecuted by the police and fines range from 841 to 3,287 euros. Police forces also have the power to seize a vehicle that does not have
1352-556: The Road's Victim Warranty Fund ( Fondo garanzia vittime della strada ), which is covered by a fixed amount (2.5%, as 2015) of each RCA insurance premium. Third-party vehicle insurance is a mandatory requirement for every vehicle in the Netherlands . This obligation is mandatory based on article 2 of the Wet aansprakelijkheidsverzekering motorrijtuigen . When a vehicle is not insured
1404-718: The State Insurance Office of Victoria in 1992 from the Victorian state government. GIO listed on the Australian Securities Exchange in July 1992 following a public and institutional offer. In January 1999, AMP acquired a 57% shareholding. In September 1999, AMP launched a successful takeover bid for the remaining shares. On 1 July 2001, Suncorp acquired AMP's Australian general insurance interests, including GIO. On acquisition,
1456-526: The Suncorp's general insurance customer base doubled and the business mix became more diversified, with growth in personal and business lines and the addition of workers compensation. On 1 July 2013, as part of a Federal Court of Australia approved internal re-organisation, the Suncorp's Australian general insurance businesses were transferred to one underwriter, AAI Limited. Today AAI Limited trades as GIO and issues GIO general insurance products. GIO offers
1508-617: The UK. Third-party vehicle insurance is a mandatory requirement in Indonesia and each individual car and motorcycle must be insured or the vehicle will not be considered legal; this compulsory auto insurance is legally called the Road Traffic Accidents Compulsory Coverage Fund ( Indonesian : Dana Pertanggungan Wajib Kecelakaan Lalu Lintas Jalan , DPWKLLJ ). Therefore, a motorist cannot drive
1560-465: The country with an International Insurance Bond (IIB) until this three-month period is over in which the international driver must provide themselves with Canadian Insurance. The IIB is reinstated every time the international driver enters the country. Damage to the driver's own vehicle is optional – one notable exception to this is in Saskatchewan , where SGI provides collision coverage (less than
1612-430: The crash, loss of wages, cost of care services and, in some cases, compensation for pain and suffering. Each state in Australia has a different scheme. Third-Party Property insurance or Comprehensive insurance covers the third party with the repairing cost of the vehicle, any property damage or medication expenses as a result of a crash by the insured. They are not to be confused with Compulsory Third-Party insurance, which
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1664-407: The distance driven, which could theoretically increase the efficiency of the insurance, through streamlined collection. In Australia , every state has its own Compulsory Third-Party (CTP) insurance scheme. CTP covers only personal injury liability in a vehicle crash. Comprehensive and Third-Party Property Damage, with or without Fire and Theft insurance, are sold separately. CTP insurance
1716-495: The driver and passengers. Driver and Passenger insurance covers the driver and passengers, whilst Vehicle Damage and Theft Insurance covers vehicle damage and the objects contained inside. Excess Waiver Insurance is an additional option that waives any deductibles. Some differences apply in different regions: According to section 4(1) of the Motor Vehicles Insurance (Third-Party Risks) Ordinance (Cap. 272 of
1768-469: The following products and services: motor vehicle insurance , compulsory third-party insurance in New South Wales and the Australian Capital Territory , home and contents insurance , caravan insurance, boat insurance, life insurance , travel insurance , business insurance , and worker's compensation insurance . A High Court of Australia decision of 1965, in the case of Government Insurance Office of NSW v RJ Green and Lloyd Pty Ltd (1965), discussed
1820-726: The governmental bodies. Several Canadian provinces ( British Columbia , Saskatchewan , Manitoba and Quebec ) provide a public auto insurance system while in the rest of the country insurance is provided privately. The third-party insurance is privatized in Quebec and is mandatory. The province covers everything but the vehicle(s). Basic auto insurance is mandatory throughout Canada (with some exceptions, such as government vehicles ) with each province's government determining which benefits are included as minimum required auto insurance coverage and which benefits are options available for those seeking additional coverage. Accident benefits coverage
1872-438: The insured person and third parties carried with the vehicle, but not the driver, if the two do not coincide). Third parties, fire and theft is a common insurance policy. Victims of accidents caused by non-insured vehicles may be compensated by a Warranty Fund, which is covered by a fixed amount for each insurance premium. Since 2013 it is possible to contract an insurance by days as is possible in countries such as Germany and
1924-464: The introduction of Directive 1972/166/EEC, insurance cover is mandatory, with the statutory minimum cover being revised every five years, the most recent revision, via Directive (EU) 2021/2118 (the ‘‘Motor Insurance Directive’’ or ‘‘MID’’ ) requires: In some European languages, comprehensive non-mandatory insurance is known as casco (Casualty and Collision). Since 1939, it has been compulsory to have third-party personal insurance before keeping
1976-485: The mandatory legal third-party coverage. For example limited frame coverage will provide coverage against damage caused by the weather such as storm and flooding. Also fire damage and theft of the car is covered. Full frame coverage will provide coverage against all risks mentioned plus damage to the car caused by the driver himself. Each motor vehicle on a public road is required to have third party insurance (called Seguro de responsabilidad civil ). Police forces have
2028-803: The market. There are three states and one territory that do not have a private CTP scheme. In Victoria , the Transport Accident Commission provides CTP through a levy in the vehicle registration fee, known as the TAC charge. A similar scheme exists in Tasmania through the Motor Accidents Insurance Board . A similar scheme applies in Western Australia , through the Insurance Commission of Western Australia (ICWA). The Northern Territory scheme
2080-420: The meaning of the words "arising out of", when these words are used in an insurance policy . The insurance policy in this case included provision for all liability incurred by the [insured] in respect of the death or bodily injury to any person caused by or arising out of the use of the motor vehicle. The Court held that "arising out of" allowed for wider and less immediate interpretation of responsibility than
2132-474: The motor car began after the First World War in urban areas. Cars were relatively fast and dangerous by that stage, yet there was still no compulsory form of car insurance anywhere in the world. This meant that injured victims would rarely get any compensation in a crash, and drivers often faced considerable costs for damage to their car and property. A compulsory car insurance scheme was introduced in
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2184-721: The name, GIO. The insurer listed on the Australian Securities Exchange in August 1992 and in January 1999 was acquired by AMP . In 2001, Suncorp acquired GIO as part of AMP's general insurance interests. GIO was founded as the Government Insurance Office in 1927 by the Government Insurance Act of New South Wales. It was established to provide workers compensation insurance under the Workers' Compensation Act of 1926 and to take over activities previously carried out by
2236-399: The necessary insurance in place, until the owner of the vehicle pays a fine and signs a new insurance policy. The same provision is applied when the vehicle is standing on a public road. Minimal insurance policies cover only third parties (including the insured person and third parties carried with the vehicle, but not the driver, if the two do not coincide). Third parties, fire and theft is
2288-699: The owner will receive a fine from the RDW ( Netherlands Vehicle Authority [ nl ] ). The third-party vehicle insurance is called a WA verzekering where WA stands for Wettelijke aansprakelijkheid which means legal liability. In general there are three types of auto insurance in the Netherlands: WA verzekering (liability insurance), WA beperkt casco (limited frame coverage), and WA vollledig casco (full frame coverage). Limited frame and full frame coverage will provide more coverage against certain additional risks which are not covered by
2340-439: The power to seize vehicles that do not have the necessary insurance in place, until the owner of the vehicle pays the fine and signs a new insurance policy. Driving without the necessary insurance for that vehicle is an offence that will be prosecuted by the police and will receive a penalty. The same provision is applied when the vehicle is standing on a public road. The minimum insurance policy covers only third parties (including
2392-470: The terms of the Road Transport Act 1987. The insurance concerns the legal liability for death or physical injury to the third party (not include the passengers), so it is hardly ever written by insurers. This type is compulsory to buy for every vehicle so it is the most basic and common car insurance, which insures you against claims for the injury or damage to the third party or its property in
2444-503: The title State Government Insurance Office . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=State_Government_Insurance_Office&oldid=1114161937 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages GIO Insurance GIO
2496-472: The use of the insured vehicle. Comprehensive Motor Insurance is also available. The mandatory minimum legal requirement Third Party Liability ("TPL") Cover is MOP1,500,000 per crash and MOP30,000,000 per year, protecting against the legal liability arising from a traffic crash causing loss and damages to any third party. . Comprehensive Motor Insurance is also available. In the European Union , from
2548-563: The vehicle until it is insured. DPWKLLJ was introduced in 1964 and merely covers body injuries, and is operated by a SOE called PT Jasa Raharja (Persero) [ id ] . DPWKLLJ is included, through an annual premium called the Compulsory Donation to the Road Traffic Accident Fund ( Indonesian : Sumbangan Wajib Dana Kecelakaan Lalu Lintas Jalan , SWDKLLJ ), in the annual vehicle tax which
2600-602: The vehicle, driving license copy, First information report copy, original estimate and policy copy. There are different types of auto insurance in India: Auto insurance generally includes: Auto insurance generally does not include: Third party insurance cover is mandatory under the Motor Vehicles Act, 1988. This cover cannot be used for personal damages. This is offered at low premiums and allows for third party claims under "no-fault liability". The premium
2652-588: The vehicle. Auto insurance is a compulsory requirement for all new vehicles used whether for commercial or personal use. Insurance companies have tie-ups with leading automobile manufacturers. They offer their customers instant auto quotes. Premiums are determined by a number of factors and the amount of premium increases with the rise in the price of the vehicle. The claims of the auto insurance in India can be accidental, theft claims or third party claims. Certain documents are required for claiming auto insurance, like duly signed claim form, Registration Certificate copy of
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#17327811755592704-439: The words "caused by". GIO was naming rights sponsor of Australian Touring Car Championship team Bob Forbes Racing from 1989 until 1993. Since 2014 it has been the naming rights sponsor of Canberra Stadium . Motor vehicle insurance Vehicle insurance (also known as car insurance , motor insurance , or auto insurance ) is insurance for cars , trucks , motorcycles , and other road vehicles. Its primary use
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