WORKERS COMPENSATION REGULATION 2002 - REG 72 Information about ability to meet liabilities etc—Act, s 145J (c) and

WORKERS COMPENSATION REGULATION 2002 - REG 72

    (1)     It is a condition of an insurer licence that the insurer give the regulator the following information, if requested in writing by the regulator:

        (a)     information about claims that have been made against the insurer under the Act;

        (b)     information to allow the regulator to assess—

              (i)     the insurer's continuing ability to meet the insurer's existing and expected liabilities under the Act; and

              (ii)     whether the insurer continues to be financially and prudentially sound; and

              (iii)     the insurer's continuing ability to meet its obligations under the Act.

    (2)     Information requested from an insurer in writing by the regulator must be reasonably necessary for the performance of the regulator's functions.