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Motor Accident Injuries Act 2019
417Offence—insurer to tell MAI commission of decrease in
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417 Offence—insurer to tell MAI commission of decrease in issued capital (a) the person is a licensed insurer; and (b) there is, or is to be, a decrease in the issued capital of the insurer; and (c) the person does not tell the MAI commission about the decrease or proposed decrease, in writing, within 21 days after the decrease or proposal.