154IAuthority’s functions extended to scheme agents

#### 154I Authority’s functions extended to scheme agents 154I Authority’s functions extended to scheme agents > Subject to this Act, any function conferred on the Authority with respect to licensed insurers (or insurers generally) by or under a provision of this Act, the 1998 Act or the regulations under either Act may be exercised in relation to scheme agents, and for that purpose— > > > (a) a reference to a licensed insurer or insurer in a provision conferring such a function is to be read as including a reference to a scheme agent, and > > > (b) a reference to the conditions of a licence of a licensed insurer is to be read as including a reference to the conditions of a scheme agent’s agency arrangement with the Nominal Insurer. > > **ss 154H–154L:** Ins 2003 No 81, Sch 1 \[2\].