Northern Territory Consolidated Acts Northern Territory Consolidated Acts45. Life insurer in the Territory to be registered
(1) A company must not carry on, in the Territory, the business of a life insurer issuing life policies in respect of which duty is imposed unless it is registered under this Division.
Maximum penalty: 50 penalty units.
(2) Nothing in this section affects the liability (including a contingent liability) of a life insurer under a life policy issued by the life insurer in the course of carrying on the business of a life insurer in the Territory in contravention of this section.