162Matters that may be regulated by conditions of licences

#### 162 Matters that may be regulated by conditions of licences 162 Matters that may be regulated by conditions of licences (cf ss 105 (5) and 106 MAA) > > (1) Without limiting the generality of section 161, the conditions to which a licence under this Part may be subject include conditions— > > > > > (a) for the purpose of ensuring compliance with the obligations of the licensed insurer, or > > > > > (b) for the purpose of ensuring that insurance premiums for third-party policies are available to meet claims, or > > > > > (c) for the purpose of requiring the licensed insurer to achieve early resolution of compensation claims, and early payment under Part 3.2, at particular levels, or > > > > > (d) for the purpose of the efficiency of the motor accidents scheme under this Act generally, or > > > > > (e) relating to the provision of information concerning claims and profits. > > > (2) A licensed insurer does not contravene a condition of a kind referred to in subsection (1) (c) if the insurer establishes that the insurer furnished a report to the Authority within a reasonable period and that the report sets out reasonable grounds for justifying the contravention.