Secretary may require information about insurance policies
109 Secretary may require information about insurance policies
The Secretary may direct a person that issues an insurance policy to a registered certifier with respect to certification work (a certifier policy), to provide to the Secretary any of the following information about certifier policies or particular classes of certifier policies issued by the person as may be specified by the Secretary—
the terms of the policies,
the premiums payable,
the number of policies issued,
the registered certifiers to whom policies have been issued,
the number and value of claims made under the policies,
any other information prescribed by the regulations.
The Secretary may direct that the information under subsection (1) be provided in the time specified in the direction.
A direction under this section must be given in writing.
A person must not fail to comply with a direction given to the person under this section.
Maximum penalty—500 penalty units.
This provision refers to the regulations (prescribed by the regulations
). Made under this Act:
This Act’s bill:Explanatory memorandumSecond reading speech
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