250Cancellation of registration by the Chief Commissioner

#### 250 Cancellation of registration by the Chief Commissioner 250 Cancellation of registration by the Chief Commissioner > > (1) The Chief Commissioner may, by written notice, cancel an insurer’s registration under this Part— > > > > > (a) if the insurer’s authorisation under the [Insurance Act 1973](http://www.legislation.gov.au/) of the Commonwealth is revoked, or > > > > > (b) if the insurer is made bankrupt or, being a company, is wound up, or > > > > > (c) if the insurer is convicted of an offence under an Act imposing duty, or > > > > > (d) if the insurer’s registration was made in error or as a consequence of a false or misleading statement made in relation to the application for registration, or > > > > > (e) if the Chief Commissioner is of the opinion that the insurer has ceased to write general insurance in New South Wales, or > > > > > (f) if the insurer ceases to be a life company, or > > > > > (g) for any other reason the Chief Commissioner thinks sufficient. > > > (2) A cancellation of registration has effect from the date specified for the purpose by the Chief Commissioner in the notice of cancellation. > > **s 250:** Am 2002 No 26, Sch 2.3 \[1\].