150Establishment and purpose of Nominal Insurer

150 Establishment and purpose of Nominal Insurer (1) There is established by this Act a corporation by the name of the (1A) The purposes of the Nominal Insurer are: (a) to protect injured workers whose employers do not have workers compensation insurance; and (b) to protect employers and injured workers where insurers default in the payment of compensation under workers compensation insurance. (2) The Nominal Insurer: (a) is a body corporate with perpetual succession; (b) shall have a common seal; and (c) is capable, in its corporate name, of acquiring, holding and disposing of real (including leasehold) and personal property and of suing and being sued. (3) All courts, judges and persons acting judicially shall take judicial notice of the common seal of the Nominal Insurer affixed to a document and shall presume that it was duly affixed.