MOTOR ACCIDENT INSURANCE ACT 1994 - SECT 66
Withdrawal or suspension of licence
MOTOR ACCIDENT INSURANCE ACT 1994 - SECT 66
Withdrawal or suspension of licence
66 Withdrawal or suspension of licence
(1) The commission may, by gazette notice, withdraw or suspend a licence if—
(a) the insurer asks the commission to withdraw or suspend the licence; or
(b) the insurer contravenes this Act, a condition of the licence or the
industry deed; or
(c) there is some other reason justifying withdrawal or
suspension of the licence.
(1A) A request by an insurer under subsection (1)
(a) must be given in writing to the commission at least 3 months before the
day the licence is to be withdrawn or suspended.
(2) At least 14 days before
the withdrawal or suspension of a licence takes effect, the commission must
give the insurer written notice—
(a) stating the commission’s intention to
withdraw or suspend the licence; and
(b) stating the date on which the
withdrawal or suspension will take effect; and
(c) stating the reason for the
proposed withdrawal or suspension of the licence.
(3) The commission must
give a copy of the notice to transport administration.