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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subsection (1) (a) must be given in writing to the commission at least 3 months before the day the licence is to be withdrawn or suspended.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.