361
CurrentMAI insurer licence—eligibility
Chapter 7MAI insurer licences
Part 7.3MAI insurer licences—issue
361 MAI insurer licence—eligibility
A corporation is eligible for an MAI insurer licence only if the corporation—
(a)
is authorised under the Insurance Act 1973 (Cwlth) to carry on insurance business; and
(b)
agrees, in writing, to be a party to the insurance industry deed while the corporation holds an MAI insurer licence.
This Act’s bill:Explanatory statementSecond reading speech
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