DUTIES ACT 2001 - SECT 543
Approved insurers
DUTIES ACT 2001 - SECT 543
Approved insurers
543 Approved insurers
(1) A person who, immediately before the commencement
day, was an approved insurer under section 46F of the repealed Act is taken to
be— (a) if the person’s approval relates to carrying on insurance business
as a general insurer—a registered general insurer; or
(b) if the person’s
approval relates to carrying on insurance business as a life insurer—a
registered life insurer.
(2) Also, the person is taken to be a self assessor,
registered under chapter 12, part 1.
