New South Wales Consolidated Acts

MOTOR ACCIDENT INJURIES ACT 2017 - SECT 9.6

9.6 Matters that may be regulated by conditions of licences

(cf s 162 MACA)

(1) Without limiting the generality of section 9.5, the conditions to which a licence under this Division may be subject include conditions--

(a) for the purpose of ensuring compliance with the obligations of the licensed insurer, or

(b) for the purpose of ensuring that insurance premiums for third-party policies are available to meet claims, or

(c) for the purpose of requiring the licensed insurer to achieve early resolution of claims, and early payment, at particular levels, or

(d) for the purpose of the efficiency of the motor accidents scheme under this Act generally, or

(e) relating to the provision of information concerning claims and profits.

(2) A licensed insurer does not contravene a condition of a kind referred to in subsection (1) (c) if the insurer establishes that the insurer furnished a report to the Authority within a reasonable period and that the report sets out reasonable grounds for justifying the contravention.