234Application of Guarantee Fund

#### 234 Application of Guarantee Fund 234 Application of Guarantee Fund (cf former s 30X) > > (1) Out of the Guarantee Fund, the Authority as manager of that Fund— > > > > > (a) shall pay the amount of any claim, judgment or award arising from or relating to any policy of insurance issued by an insolvent insurer, being a claim, judgment or award that it proposes to satisfy as agent and attorney of an employer, and any other amounts required by this Division to be paid from that Fund, and > > > > > (b) is entitled— > > > > > > > (i) to be paid the costs of administration of the Guarantee Fund (including any legal or other costs connected with the declaration of an insurer as an insolvent insurer), and > > > > > > > (ii) to be indemnified against all payments made by it and all costs and expenses that it may incur in or in connection with the exercise of its functions under this Division. > > > (2) Where a payment is made by the Authority as agent and attorney of an employer, being a payment authorised by this Division, the Authority shall not be entitled to recover the amount of that payment from the employer. > > **s 234:** Am 1991 No 2, Sch 3 (8) (11).