36Approved insurance policies

36 Approved insurance policies

(1)  The Secretary may approve a policy of indemnity insurance or a class of policy of indemnity insurance for the purposes of this Act and may require an approved policy or class of policy to provide cover for a minimum insured amount.

(2)  The Secretary may –

(a) grant approval subject to specified conditions; and

(b) revoke an approval or vary its conditions.

(3)  The Secretary must cause notice to be published in the Gazette of –

(a) the granting of an approval; and

(b) any conditions to which it is subject; and

(c) any revocation of an approval or variation of its conditions.