INSURANCE CONTRACTS ACT 1984 - SECT 11DA Supervisory powers--liability of directors, employees and agents of insurers
INSURANCE CONTRACTS ACT 1984 - SECT 11DA
Supervisory powers--liability of directors, employees and agents of insurers(1) A person commits an offence if:
(i) a director of a company that is an insurer; or
(ii) an employee or agent of an insurer; and
(b) the person permits or authorises the insurer to engage in conduct; and
(c) the conduct constitutes an offence (the insurer offence ) against subsection 11C(2) or 11D(2) or (3); and
(d) the insurer commits the insurer offence.
(2) There is no fault element for the physical element described in paragraph (1)(d) other than the fault elements (if any) for the physical elements of the insurer offence.
(3) To avoid doubt:
(a) an insurer does not commit the insurer offence, for the purposes of subsection (1), if the insurer has a defence to the insurer offence; and
(b) a person may be convicted of an offence against subsection (1) even if the insurer concerned has not been prosecuted for, or convicted of, the insurer offence.
(b) an omission to perform an act.
(b) omit to perform an act.