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WORKERS COMPENSATION REGULATION 2002 - REG 79 Notice of proposed action against licensed insurer

WORKERS COMPENSATION REGULATION 2002 - REG 79

Notice of proposed action against licensed insurer

If the regulator proposes to take action (the proposed action ) mentioned in section 80 (2) in relation to an insurer, or to cancel the insurer licence, the regulator must give the insurer written notice—

        (a)     stating the proposed action; and

        (b)     stating the grounds for the proposed action; and

        (c)     inviting the insurer to make written representations, within a stated period of not less than 14 days after the day the insurer is given the notice, about why the proposed action should not be taken.