NSWIn ForceAct
Motor Accidents Compensation Act 1999
175Investment of funds of licensed insurer
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#### 175 Investment of funds of licensed insurer
175 Investment of funds of licensed insurer
(cf s 112 MAA)
> > (1) It is a condition of a licence granted under Part 7.1 that the licensed insurer, if required to do so by the Authority, must provide the Authority with details of the way in which its third-party funds and other funds are invested.
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> > (2) The third-party funds of a licensed insurer are the funds of the insurer derived from the payment of insurance premiums for third-party policies and from their investment.