S.L. 403.25 · Insurance Business (Protection And (S.L. 403.25)
S.L. 403.25 Art. 33Reasoned offer of compensation or reasoned reply.
PART IV
(1) Where the Protection and Compensation Fund has received a claim from an injured party resident in Malta, it shall on the basis of information which it holds, including any other information provided by the injured party at the Protection and Compensation Fund’s request, provide the injured party with a reasoned offer of compensation or a reasoned reply, as provided in sub-regulation (2), within three (3) months from the date that the injured party would have submitted the claim for compensation in accordance with regulation 29.
(2) Where the Protection and Compensation Fund has established that it is:
(a) liable to provide compensation pursuant to regulation 27(2) (a) or (b), that the claim is not contested, and the damages have been partially or fully quantified, the Protection and Compensation Fund shall make a reasoned offer of compensation; or
(b) not liable to provide compensation pursuant to regulation 27(2) (a) or (b), or where liability is denied or liability has not been clearly determined or the damages have not been fully quantified, the Protection and Compensation Fund shall provide a reasoned reply to the points made in the claim.