Information for new licensed insurers after change of licensed insurers
158 Information for new licensed insurers after change of licensed insurers
This section applies if—
a licensed insurer (the current insurer) issues a compulsory insurance policy (the current policy) to an employer; and
immediately before the issue of the current policy, the employer was covered by a compulsory insurance policy (the previous policy) issued by a different licensed insurer.
Within 30 days after the day the current policy is issued, the employer must give the current insurer a copy of the statement mentioned in section 157 (2) in relation to the period from the day the previous policy was issued or (if it had been renewed) last renewed to the day before the current policy was issued.
Maximum penalty: 250 penalty units, imprisonment for 2 years or both.
One or more fault elements apply to this offence (see Criminal Code, s 22).
Within 30 days after the day the current policy is issued, the employer must give the current insurer a copy of the statement mentioned in section 157 (2) in relation to the period from the day the previous policy was issued or (if it had been renewed) last renewed, to the day before the current policy was issued.
Maximum penalty: 50 penalty units.
An offence against subsection (3) is a strict liability offence.
This section does not apply to a non-business employer.
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