97AConditions relating to insurance

#### 97A Conditions relating to insurance (1) The holder of a permit, lease, licence, infrastructure licence or pipeline licence must maintain, as directed by the Designated Authority from time to time, insurance against expenses or liabilities or specified things arising in connection with, or as a result of, the carrying out of work, or the doing of any other thing, under the permit, lease, licence, infrastructure licence or pipeline licence, including expenses of complying with directions with respect to the clean‑up or other remedying of the effects of the escape of petroleum. (2) The conditions subject to which a special prospecting authority or access authority is granted may include a condition that the holder maintain, as directed by the Designated Authority from time to time, insurance against expenses or liabilities or specified things arising in connection with, or as a result of, the carrying out of work, or the doing of any other thing, under the authority, including expenses of complying with directions with respect to the clean‑up or other remedying of the effects of the escape of petroleum. (3) Where: (a) a permit, lease, licence, infrastructure licence or pipeline licence was in force immediately before the commencement; and (b) the Designated Authority has required the holder to maintain insurance under subsection (1); and (c) the Designated Authority is satisfied that the required insurance is in effect; the Designated Authority must issue a certificate that it is so satisfied. (4) Where the Designated Authority issues a certificate under subsection (3), any security in force in relation to the permit, lease, licence, infrastructure licence or pipeline licence, being a security that was required under this Act before the commencement of this section, is discharged. (5) The discharge of a security under subsection (4) has no effect on any liability arising under or in relation to the security before its discharge.