29Notice relating to emergency services funding reform

29 Notice relating to emergency services funding reform

29 Notice relating to emergency services funding reform

(1) The Monitor may, by order published in the Gazette—

(a) require an insurance company or class of insurance companies to give information about—

(i) the emergency services funding reform, including about the impact of the emergency services funding reform on the price payable for the issue of a regulated contract of insurance, and

(ii) the functions of the Monitor, and

(b) specify the way in which the impact of the emergency services funding reform must be calculated, and

(c) specify the way in which the information must be given, including by requiring the information to be contained in an invoice or other statement about the price payable for the issue of a regulated contract of insurance.

(2) An insurance company must not fail to comply with a requirement imposed on the insurance company by an order under subsection (1).

Maximum penalty—200 penalty units.

(3) In this section—

issue of a regulated contract of insurance includes the renewal of an existing regulated contract of insurance, but does not include the variation of an existing regulated contract of insurance.