394ADefinitions—pt 7.6A

394A Definitions—pt 7.6A financial penalty notice—see section 394D (3). ground for financial penalty—see section 394B. minor contravention means conduct by a licensed insurer that constitutes a ground for financial penalty that does not involve a serious contravention. serious contravention means conduct by a licensed insurer that constitutes a ground for financial penalty that involves any of the (a) dishonest or misleading conduct by the licensed insurer; (b) underpayment or delay in paying defined benefits by the (c) failure by the licensed insurer to ensure protected information is disclosed only in accordance with section 371; (d) failure by the licensed insurer to comply with an order of the ACAT made for this Act;