104AApproval of alternative indemnity products

#### 104A Approval of alternative indemnity products 104A Approval of alternative indemnity products > > (1) The Authority may approve the use of an alternative indemnity product to provide cover for loss of a kind that is required to be covered by an insurance contract under Part 6 for at least the period for which any such cover is required to be provided. > > > (2) The Authority must not approve an alternative indemnity product unless it is satisfied that the product will provide cover for loss of that kind. > > > (3) An approval may be unconditional or subject to conditions. > > **s 104A:** Ins 2017 No 28, Sch 1 \[60\].