Should the VMIA provide insurance products to the VMIA client, in its capacity as the Government's insurer, the VMIA would charge appropriate premiums in relation to those required policies commensurate with the risk being transferred.
In relation to non-clients, the VMIA can offer an independent advisory service to ensure that the Alliance selects an insurance program that achieves outcomes of best-for-state and Value-for-Money. The VMIA would advise on the suitability of the insurance program including the individual policy terms and conditions.
The VMIA would not be able to provide insurances to non-clients and any request to do so would need to be actioned in accordance with the provisions of the VMIA Act.