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Motor Accident Insurance Regulation 2018
sec.24Conditions of licence— Act , s 64
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sec.24 Conditions of licence— Act , s 64
For section 64 (1) of the Act , the conditions of a licence are— the licensed insurer must not start carrying on business under the licence until the first day of the quarter next following the grant of the licence; and the licensed insurer must comply with standards made under section 10 (1) (d) of the Act about the proper management of claims. s 24 sub 2019 No. 36 s 30
- (a) the licensed insurer must not start carrying on business under the licence until the first day of the quarter next following the grant of the licence; and
- (b) the licensed insurer must comply with standards made under section 10 (1) (d) of the Act about the proper management of claims.