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INSURANCE ACT 1973 - SECT 40 Additional auditors

INSURANCE ACT 1973 - SECT 40

Additional auditors

  (1)   APRA may, by written notice, require a general insurer to appoint a person who is specified in the notice to be an auditor for a purpose that is specified in the notice.

Example:   APRA may require a general insurer to appoint an auditor who has specialist qualifications or experience to perform a special purpose audit.

  (2)   The specified person may be:

  (a)   the principal auditor; or

  (b)   another auditor.