Yeah Simo basically MA is now an insurance company. Here is some background from their web site.
Background
Insurance has been a major issue not only for Motorcycling Australia but for most other sporting organisations.
Following the insurance crisis that escalated during 2001/02, Motorcycling Australia formed its own insurance company (MA Insurance Limited) to ensure our sport had a viable future in what were difficult times.
MA Insurance Limited
MA Insurance Limited commenced business on 1 January 2003 and covers Personal Accident Insurance for competitors, officials and others and the first $2 Million of risk in a $50 million liability policy. Both these policies have been granted an exemption under Government legislation to provide cover as they are designed to do.
In addition to this, MA has developed a third policy which has also been granted an exemption - this policy is for Australian competitors who are competing overseas. It is underwritten by MA Insurance Limited and managed by Aon, our broker, and offers a simple process and application to effect this insurance for any rider with overseas ambitions.
Cheers
Shaun