(1)  A registered insurer who ceases to write insurance business in Tasmania must –

(a) give written notice of that fact to the Commissioner; and

(b) lodge the return required to be lodged under this Part; and

(c) pay the duty payable in connection with the return on or before the twenty-first day of the month after which the notice is given.

Penalty:  Fine not exceeding 100 penalty units.

(2)  The notice cancels the insurer's registration under this Part on the day on which it is received by the Commissioner.