In this division:
"licence" means an insurer licence or a self-insurer licence.
"licensee" means a licensed insurer or a licensed self-insurer.
"regulatory action", against a licensee, means any of the following actions:
(a) including, amending, or revoking, a regulator condition on the licence;
(b) suspending the licence for either a fixed period or until a particular event happens;
(c) disqualifying the licensee from applying for another licence for a fixed period or until a particular event happens;
(d) cancelling the licence.