103SFunctions of Authority

103S Functions of Authority

103S Functions of Authority

(1) (Repealed)

(1AA) The Authority has the following functions—

(a) to deal with and finalise claims under this Part,

(b) to hold and manage the Home Building Insurers Guarantee Fund in accordance with this Act.

(1A) The regulations may make provision for or with respect to the functions of the Authority in relation to any home building insurance or reinsurance arrangements that are entered into by the State.

(2) The Authority may do all such things as are supplemental or incidental to the exercise of its functions.

(3) The Authority may appoint an insurer or other person as its agent or contractor for the purpose of exercising any or all of its functions under this Part.

s 103S: Ins 2001 No 41, Sch 2 [1]. Am 2002 No 17, Sch 1 [14]; 2017 No 28, Sch 1 [48] [55] [56]; 2024 No 53, Sch 2.2[4]–[6] [8]–[10].