145JRegulations about insurer licences

145J Regulations about insurer licences A regulation may prescribe the following in relation to insurer licences: (a) how an insurer may apply for an insurer licence; (b) the criteria for issuing an insurer licence;

(c) the conditions that may be imposed on an insurer licence; (d) the records to be kept by licensed insurers, to whom the records must be provided and the way to provide the records; (e) how insurance premium calculations by licensed insurers may be reviewed; (f) how licensed insurers’ performance may be monitored and reviewed; (g) what and when licensed insurers must report to the regulator; (h) how and why an insurer licence may be suspended or cancelled.