sec.103Return of section 84 security after cancellation

### sec.103 Return of section 84 security after cancellation This section applies if— a self-insurer’s licence is cancelled; and the former self-insurer considers that all accrued, continuing, future and contingent liabilities of the self-insurer have been discharged or adequately provided for. The former self-insurer may, by written notice, ask the Regulator to return the balance of the section 84 security. The Regulator must, within 60 business days after being given the request— return the balance; or if the Regulator considers that all accrued, continuing, future and contingent liabilities of the self-insurer have not been discharged or adequately provided for—give the former self-insurer a written notice refusing to return the balance and stating the reasons for the refusal. If the Regulator refuses to return the balance, the former self-insurer may appeal under chapter 13 . In this section— return includes relinquish. s 103 amd 2004 No. 45 s 3 sch ; 2013 No. 52 s 114 sch 2 ; 2016 No. 44 s 53 sch 1 (sec.103-ssec.1) This section applies if— a self-insurer’s licence is cancelled; and the former self-insurer considers that all accrued, continuing, future and contingent liabilities of the self-insurer have been discharged or adequately provided for. (sec.103-ssec.2) The former self-insurer may, by written notice, ask the Regulator to return the balance of the section 84 security. (sec.103-ssec.3) The Regulator must, within 60 business days after being given the request— return the balance; or if the Regulator considers that all accrued, continuing, future and contingent liabilities of the self-insurer have not been discharged or adequately provided for—give the former self-insurer a written notice refusing to return the balance and stating the reasons for the refusal. (sec.103-ssec.4) If the Regulator refuses to return the balance, the former self-insurer may appeal under chapter 13 . (sec.103-ssec.5) In this section— return includes relinquish. - (a) a self-insurer’s licence is cancelled; and - (b) the former self-insurer considers that all accrued, continuing, future and contingent liabilities of the self-insurer have been discharged or adequately provided for. - (a) return the balance; or - (b) if the Regulator considers that all accrued, continuing, future and contingent liabilities of the self-insurer have not been discharged or adequately provided for—give the former self-insurer a written notice refusing to return the balance and stating the reasons for the refusal.