Matters that may be regulated by conditions of licences
105I Matters that may be regulated by conditions of licences
Without limiting the generality of section 105H, the conditions to which a licence under this Part may be subject, or to which the Self Insurance Corporation may be subject, include conditions—
for the purpose of ensuring compliance with the obligations of the licence holder, or
requiring the licence holder to undertake a specified amount of insurance or alternative indemnity product cover, or insurance or alternative indemnity product cover of a specified kind, or
requiring a charge or other security to be taken by the Authority in respect of the assets of a licence holder, or otherwise requiring the licence holder to provide security, for the purpose of securing the payment of the licence holder’s liabilities (including contingent liabilities) for the payment of compensation under this Act, or
specifying the persons, or classes of persons, to whom the licence holder may provide insurance or cover by means of alternative indemnity products, or
for the purpose of ensuring that premiums or charges are available to meet claims, or
for the purpose of the efficiency of the insurance scheme (including any alternative arrangements under Part 6B) under this Act generally, or
relating to the provision of information concerning claims and profits, or
if the licence relates to the provision of cover under a fidelity fund scheme, relating to—
compliance with the scheme’s trust deed, or
requirements for appointment as a trustee, or
the functions of trustees, or
the financial management of the scheme.
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