(1) The Authority may appoint an appropriately qualified person to audit or
inspect, and report to the Authority on, the accounting and other records of a
licensed insurer relating to Fund levies collected by the insurer under this
Part.
(2) A person so appointed is, for the purpose of exercising any
functions under this section, entitled to inspect relevant accounting and
other records of the licensed insurer.
(4) A
person must not wilfully obstruct or delay a person exercising a function
under this section.
(5) A person exercising functions under this section has
qualified privilege in proceedings for defamation in respect of any statement
that the person makes orally or in writing in the course of the exercise of
those functions.
(6) A licensed insurer or another person who contravenes any
requirement imposed on the insurer or other person by or under this section is
guilty of an offence.