MAI commission may choose occupational discipline instead of prosecution

Current

In regulating the operation of licensed insurers, the MAI commission may, but need not, choose to apply to the ACAT for an occupational discipline order in relation to licensed insurers rather than pursuing a prosecution under this Act if the MAI commission believes on reasonable grounds it would be in the public interest to do so.

Note

The MAI commission may apply to the ACAT under s 393.

This Act’s bill:Explanatory statement Second reading speech

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391 MAI commission may choose occupational discipline instead of prosecution