77GAInsurance records

### 77GA Insurance records > [*\[Section 77GA Inserted by No. 72 of 1999, s. 8, Applied:01 Jul 2000\]*](/view/html/inforce/2000-07-01/act-1999-072#GS8@EN) > > > (1)  In this section, > > > > > ***insurance policies*** means insurance policies, for prescribed classes of insurance, that an insurance company issues or undertakes liability for. > > > (2)  An insurance company must keep such records relating to its insurance policies as the Commission, by written notice to the company, requires for the purposes of monitoring compliance with this Division. > > > > Penalty:  Fine not exceeding 500 penalty units and, in the case of a continuing offence, a further fine not exceeding 5 penalty units for each day during which the offence continues. > > > (3)  An insurance company must, on request, furnish the Commission with a record or a copy of or extract from a record kept under [subsection (2)](#GS77GA@Gs2@EN) within 21 days after receipt of the request or within such longer period as the Commission, within the 21 days, allows. > > > > Penalty:  Fine not exceeding 500 penalty units and, in the case of a continuing offence, a further fine not exceeding 5 penalty units for each day during which the offence continues.