Section 93

If the exchange company is not satisfied as to the propriety of a claim for compensation under this Part, it shall make a determination disallowing the claim or, if it is satisfied as to the propriety of a part of such a claim, it shall make a determination allowing the claim as to that part.

Where the exchange company makes a determination under subsection (1) or (2), it shall forthwith serve a notice in writing of its determination on the claimant or on his counsel and deliver a copy of the notice to the Commission.

cause to be not being earlier the notice, on tion from the relation to the compensation in writing with blished, within became aware the claim, but twelve months

has been te specified in within the time the exchange ed.

lie against the member of the notice published faith and with-satisfied that rt is a proper a determina-satisfied as to on under this isallowing the iety of a part ation allowing akes a deterhall forthwith nation on the copy of the

If the exchange company disallows, or allows partially, a claim under subsection (2), the determination of the exchange company shall specify the reasons for the disallowance or partial allowance, as the case may be.

Notwithstanding that the exchange company has made a determination allowing a claim or part of a claim under this section in respect of a default committed by any member, payment of the amount allowed from the Compensation Fund shall not be made until after the expiry of the period allowed for appeal under section 95 and where an appeal is made to the Commission in accordance with section 95 by any person against any determination by the exchange company, no payment shall be made to any claimant until after the determination of the appeal.