105UInvestment of funds of licence holder

#### 105U Investment of funds of licence holder 105U Investment of funds of licence holder > > (1) A licence holder, if required to do so by the Authority, must provide the Authority with details of the way in which its funds relating to insurance under Part 6 or cover under Part 6B and other funds are invested. > > > (2) It is a condition of the licence of a licence holder that the holder comply with subsection (1). > > > (3) The funds of a licensed insurer relating to insurance under Part 6 are the funds of the insurer derived from the payment of insurance premiums for insurance under that Part and from their investment. > > > (4) The funds of a licensed provider relating to cover under Part 6B are the funds of the provider derived from the payment of premiums or charges for the cover and from their investment.