New South Wales Consolidated Acts

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MOTOR ACCIDENTS COMPENSATION ACT 1999 - SECT 157

Offence--unlicensed insurers

157 Offence--unlicensed insurers

(cf s 100 MAA)

(1) A person must not issue or purport to issue a certificate of insurance under section 11 unless the person is a licensed insurer.
: Maximum penalty--100 penalty units.
(2) If a person contravenes this section, or any condition to which a licence under this Part is subject, the certificate remains a valid certificate of insurance and the contravention does not annul or affect the third-party policy that is taken by this Act to have been issued on the issue of the certificate.



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