Commonwealth Numbered Acts

INSURANCE ACQUISITIONS AND TAKEOVERS ACT 1991 No. 6 of 1992 - SECT 79

79. (1) This section applies if:

   (a)  a company authorised under the Insurance Act 1973 to carry on
        insurance business has lodged accounts for a particular
        accounting period with the Commissioner under section 44 of that Act;
        and

   (b)  either:

   (i)  an amount is shown in those accounts as the company's
        unearned premiums provision as at the end of that accounting period;
        or

   (ii) an amount is shown in those accounts as the company's outstanding
        claims provision as at the end of that accounting period.

(2) For the purposes of this Act, the accounts are prima facie evidence of:

   (a)  if subparagraph (1) (b) (i) applies - the company's unearned premiums
        provision as at the end of that accounting period; or

   (b)  if subparagraph (1) (b) (ii) applies - the company's
        outstanding claims provision as at the end of that accounting period.

(3) The Commissioner may certify that a document is a copy of the accounts.

(4) This section applies to the certified copy as if it were the original.