95Cancellation or suspension of self-insurer licence by

95 Cancellation or suspension of self-insurer licence by regulator—Act, s 145U (g) (1) If the regulator decides to suspend or cancel a self-insurer’s self-insurer licence the regulator must give written notice of the decision to the self-insurer, including when the suspension or cancellation takes effect. Note The regulator’s notice must comply with the requirements of the Act, s 199A. (2) A suspension or cancellation must not take effect earlier than 7 days after the day the self-insurer is told about the decision. (3) If the regulator suspends a self-insurer licence, the self-insurer is, during the suspension— (a) taken not to be a licensed self-insurer; and (b) disqualified from applying for another self-insurer licence. (4) The regulator may, at any time, by written notice to the self-insurer, end or reduce the period of suspension of the self-insurer licence.

Compliance and financial audits Part 10A Section 95A