92SReturn of security deposit

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92S Return of security deposit

(1) If: (a) section 93 has ceased to have effect; and (b) APRA is satisfied that there are no outstanding liabilities of Lloyd’s underwriters that are covered by any designated security trust fund; APRA must return to: (c) Lloyd’s; or (d) if a company nominated by Lloyd’s deposited securities with APRA under section 92Q—that company; such of the securities lodged by Lloyd’s or that company, as the case may be, under section 92Q as have not been applied under section 92R. (2) In this section:

Lloyd’s underwriter includes:

(a) a former Lloyd’s underwriter; and
(b) the legal personal representative of a Lloyd’s underwriter or a former Lloyd’s underwriter.

Section 92S - Insurance Act 1973 - Return of security deposit | Zoe