9Price monitoring

9 Price monitoring

9 Price monitoring

(1) The Monitor may monitor prices for the issue of regulated contracts of insurance for the following purposes—

(a) to assess the general effect of the emergency services funding reform on prices charged by insurance companies for regulated contracts of insurance,

(b) to assist in the consideration of whether insurance companies are engaging in prohibited conduct.

(2) Without limiting section 66, a notice given to a person under that section in connection with the exercise of a function under subsection (1) may require the person to give the Monitor the information or records relating to prices or the setting of prices at any time during the monitoring period specified in the notice.

(3) Without limiting subsection (2), information or records that may be required by the notice may—

(a) relate to a regulated contract of insurance or class of regulated contracts of insurance, including a regulated contract of insurance issued in relation to property, or

(b) include personal information, despite anything to the contrary in the Privacy and Personal Information Protection Act 1998.