163Register to be kept by insurers

#### 163 Register to be kept by insurers 163 Register to be kept by insurers (cf former s 18A (2A)–(2C)) > > (1) A licensed insurer shall keep a register of all policies of insurance issued or renewed by the insurer containing the following particulars in respect of each policy— > > > > > (a) the name and address of the policy holder, > > > > > (b) the number of the policy, > > > > > (c) any premium rate classification under the Workers Compensation Market Practice and Premiums Guidelines, > > > > > (d) the date of issue or renewal of the policy, > > > > > (e) such other particulars as may be prescribed by the regulations. > > > (2) A person who ceases to be a licensed insurer shall deliver the register to the Nominal Insurer. > > > (3) An insurer shall retain in good order and condition for at least 7 years all the insurer’s records that relate to the issue, renewal or discontinuance of policies of insurance and the receipt, administration and payment of claims under this Act. > > > (4) In subsection (3)— > > > > insurer means licensed insurer, former licensed insurer or self-insurer. > > Maximum penalty—1,000 penalty units. > > **s 163:** Am 1993 No 47, Sch 1; 2003 No 81, Sch 2 \[30\] \[31\]; 2015 No 19, Sch 5 \[22\].