154BFunctions of Nominal Insurer

#### 154B Functions of Nominal Insurer 154B Functions of Nominal Insurer > > (1) The Nominal Insurer is taken to be a licensed insurer as if it were the holder of a licence in force under Division 3 of Part 7 and as if that licence were not subject to any conditions. > > > (2) The Nominal Insurer has such functions as may be necessary or convenient for enabling the Nominal Insurer to function and operate to the fullest extent as a licensed insurer. > > > (3) Without limiting subsection (2), the Nominal Insurer may issue directions to any employer with respect to the insurance arrangements of the employer. > > > (4) The Nominal Insurer has such other functions as may be conferred or imposed on the Nominal Insurer by or under this or any other Act or law or by the regulations. > > > (5) The liabilities of the Nominal Insurer as insurer under a policy of insurance can only be satisfied from the Insurance Fund and are not liabilities of the State, ICNSW or any authority of the State. > > **s 154B:** Ins 1998 No 85, Sch 1 \[68\]. Am 1999 No 24, Sch 2 \[8\]. Rep 2001 No 94, Sch 6.1 \[1\]. Ins 2003 No 81, Sch 1 \[2\]. Am 2015 No 19, Sch 5 \[17\].