69Criteria for issuing insurer licence—Act, s 145J (b)

69 Criteria for issuing insurer licence—Act, s 145J (b) The regulator may issue an insurer licence only if satisfied the applicant for the licence— (a) is financially and prudentially sound; and (b) if licensed, will— (i) be able to meet the applicant’s existing and expected liabilities under the Act; and (ii) be able to meet the applicant’s obligations as an insurer under the Act; and (iii) comply with any conditions on the licence.