150Employers who were previously self-insurers

150 Employers who were previously self-insurers

150 Employers who were previously self-insurers

(1) If an employer—

(a) makes an application to an insurer for the issue or renewal of a policy, and

(b) was a self-insurer during any part of the last 3 injury years occurring before the proposed period of insurance,

the cost of claims in relation to the period as a self-insurer is to be calculated (subject to any relevant determination of the Authority) as if the employer had been insured under a policy in respect of that period.

(2) The provisions of this Division relating to insurers apply (subject to such modifications and exceptions as the Authority may determine) to such an employer in respect of the period as a self-insurer.