WORKERS COMPENSATION ACT 1987 - SECT 179 Offence--unlicensed insurers

WORKERS COMPENSATION ACT 1987 - SECT 179

179 Offence--unlicensed insurers

(cf former ss 30D, 30E)

(1) A person (other than a licensed insurer) shall not issue or renew policies of insurance.

: Maximum penalty--100 penalty units.

(2) A contravention of subsection (1), or of a condition to which a licence is subject under this Division, does not annul a policy of insurance issued or renewed by an insurer or affect the liability of the insurer to the person insured under the policy.