Meaning of compulsory insurance policy
144 Meaning of compulsory insurance policy
In this Act:
compulsory insurance policy, for the employer, means an insurance policy—
for an unlimited amount for any liability of the employer under this Act, or independently of this Act (other than liability for assessed treatment and care needs of participants in the LTCS scheme), for an injury to, or the death of, each territory worker employed by the employer; and
that complies with this Act.
Note LTCS scheme—see the LTCS Act, dictionary.
Participant, in the LTCS scheme—see the LTCS Act, dictionary.
Subject to section 147A (8) (Compulsory insurance—offences) and section 154 (Cover notes), a cover note may be a compulsory insurance policy.
Division 8.1.2 Licences—insurers
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