WORKERS COMPENSATION REGULATION 2003 - REG 244 Transitional funding arrangements

This legislation has been repealed.

WORKERS COMPENSATION REGULATION 2003 - REG 244

244 Transitional funding arrangements

The following payments are authorised to be made from the Insurance Fund pursuant to section 154E (2) (k) of the 1987 Act:

(a) payments required to be made by the Nominal Insurer to temporary agents under arrangements made with temporary agents for their remuneration in respect of functions exercised as temporary agents,

(b) payments to a bank account operated by a managed fund insurer before the relevant date for the insurer for meeting claims under policies of insurance, being payments authorised by the Nominal Insurer as necessary for the honouring of cheques drawn on the account before that relevant date.