Change of name of a general insurer or authorised NOHC
29 Change of name of a general insurer or authorised NOHC
A general insurer who changes its name must publish a notice of that fact:
unless paragraph (b) applies—in a manner that results in the notice being accessible to the public and reasonably prominent; or
if a determination under subsection (2A) is in force—in a manner specified in the determination.
The notice must state the old and new names of the insurer and when the change took effect.
For the purposes of paragraph (1)(b), APRA may, by legislative instrument, make a determination specifying one or more manners in which a notice mentioned in subsection (1) may be published.
A manner of publication may be specified in the determination only if APRA considers that the manner of publication would result in such a notice being accessible to the public and reasonably prominent.
If APRA is satisfied that a general insurer or authorised NOHC has changed its name, APRA must ensure that notice of that fact is published in the Gazette (whether or not the insurer has also published a notice under subsection (1)).
The authorisation of the insurer under section 12, or NOHC under section 18, (as the case may be) has effect after the Gazette publication as if it had been given under the changed name.
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