INSURANCE ACT 1973 - SECT 14 Breach of authorisation conditions

INSURANCE ACT 1973 - SECT 14

  (1)   A general insurer commits an offence if:

  (a)   the insurer does an act or fails to do an act; and

  (b)   doing the act or failing to do the act results in a contravention of a condition of the insurer's authorisation under section   12; and

  (c)   there is no determination in force under subsection   7(1) that this subsection does not apply to the insurer .

Penalty:   300 penalty units.

  (1A)   If an individual:

  (a)   commits an offence against subsection   (1) because of Part   2.4 of the Criminal Code ; or

  (b)   commits an offence under Part   2.4 of the Criminal Code in relation to an offence against subsection   (1);

he or she is punishable, on conviction, by a fine not exceeding 60 penalty units.

  (2)   An offence against this section is an offence of strict liability.

Note 1:   For strict liability , see section   6.1 of the Criminal Code .

Note 2:   Chapter   2 of the Criminal Code sets out the general principles of criminal responsibility.