New South Wales Consolidated Acts

ASSOCIATED GENERAL CONTRACTORS INSURANCE COMPANY LIMITED ACT 1980 - SECT 8

8 Claims may be finalised etc by Government Insurance Office as agent

(1) Subject to subsection (2), the Government Insurance Office:

(a) may deal with and finalise any claim, and

(b) may exercise any right of the Company arising from or pertaining to any claim, judgment or award,

arising from or pertaining to any policy of insurance issued by the Company.

(2) Subsection (1) does not authorise the Government Insurance Office (except to the extent that the liquidator of the Company otherwise agrees):

(a) to pay any amount for the purpose of satisfying any claim, judgment or award, or

(b) to recover any amount due to the Company.

(3) The Government Insurance Office shall, when it acts pursuant to this section, be deemed to be acting as the agent of the Company.