s 381

Offence—unlicensed insurer contravening licence condition

In force

A person commits an offence if—

(a)

the person is not a licensed insurer; and

(b)

the person engages in conduct that would, if the person was a licensed insurer, contravene a condition of an MAI insurer licence; and

(c)

the condition relates to a motor accident.

Maximum penalty: 200 penalty units.

Note Penalties imposed under this Act must be paid into the nominal defendant fund (see s 330).

Part 7.5 MAI insurer licences—suspension

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