Regulations about insurer licences
145J Regulations about insurer licences
A regulation may prescribe the following in relation to insurer licences:
how an insurer may apply for an insurer licence;
the criteria for issuing an insurer licence;
the conditions that may be imposed on an insurer licence;
the records to be kept by licensed insurers, to whom the records must be provided and the way to provide the records;
how insurance premium calculations by licensed insurers may be reviewed;
how licensed insurers’ performance may be monitored and reviewed;
what and when licensed insurers must report to the regulator;
how and why an insurer licence may be suspended or cancelled.
Division 8.1.3 Licences—self-insurers
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