167Cancellation of licences

#### 167 Cancellation of licences 167 Cancellation of licences (cf s 107 MAA) > > (1) The Authority may, by notice served on the licensed insurer, cancel a licence granted under this Part. > > > (2) The Authority may cancel a licence for any reason it thinks fit, but must give the reasons for its decision. > > > (3) Without affecting the generality of subsection (2), the Authority may cancel a licence for reasons that relate to the motor accidents scheme under this Act generally, whether or not the reasons relate to the efficiency and conduct of the licensed insurer. > > > (4) The Authority must, as far as practicable, give a licensed insurer whose licence it proposes to cancel an opportunity to make representations on the matter. > > > (5) A licence surrendered by a licensed insurer is not cancelled until the Authority approves of the surrender. > > > (6) The Authority must not cancel a licence unless the Authority is satisfied that the licensed insurer has discharged all of its past, present and future liabilities— > > > > > (a) under any third-party policy in respect of which it is the insurer, and > > > > > (b) to the Motor Accidents Operational Fund, and > > > > > (c) to any other licensed insurer, > > > > or that the insurer has provided security or entered into other arrangements satisfactory to the Authority in respect of those liabilities. > > > (7) If the Authority is unable to cancel a licence because of any such liabilities, the Authority may, instead, impose a condition on the licence that prohibits the insurer from issuing any further third-party policies. > > **s 167:** Am 2015 No 19, Sch 7 \[13\].