105T
CurrentRe-insurance arrangements of licensed insurers
Part 6CInsurers and providers
Division 2Supervision of licence holders
105T Re-insurance arrangements of licensed insurers
(1)
It is a condition of a licence as a licensed insurer granted under this Act that the insurer must notify the Authority of—
(a)
particulars of arrangements made or proposed to be made for re-insurance in respect of liabilities under contracts of insurance entered into under Part 6 by the licensed insurer, and
(b)
the terms of any approval of the Australian Prudential Regulation Authority under the Insurance Act 1973 of the Commonwealth in respect of any such re-insurance.
(2)
This section does not apply to the Self Insurance Corporation.
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