Obligation of licensed insurers to insure employers
236 Obligation of licensed insurers to insure employers
A licensed insurer must not refuse to —
issue a workers compensation policy to any employer; or
renew a workers compensation policy issued to an employer; or
provide a quote of the premium to be demanded for the issue or renewal of a workers compensation policy.
Penalty for this subsection: a fine of $10 000.
A licensed insurer is not required to comply with this section in a case where the employer has failed to comply with a request by the insurer to provide information that the insurer reasonably requires for the purposes of the issue or renewal of a workers compensation policy or the provision of a quote of premium.
The regulations may specify the information that an insurer reasonably requires for the purposes of the issue or renewal of a workers compensation policy or the provision of a quote of premium.
In the application of this section to a specialised insurer, a reference to an employer is a reference to an employer in the particular industry or class of business or employer to which the insurance business of the specialised insurer is limited.
This provision refers to the regulations (The regulations may specify
). Made under this Act:
This Act’s bill:Explanatory memorandumSecond reading speech
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