114Returns by licensed insurers and self-insurers

### 114 Returns by licensed insurers and self-insurers > > (1)  [*\[Section 114 Subsection (1) substituted by No. 99 of 2000, s. 66, Applied:01 Jul 2001\]*](/view/html/inforce/2001-07-01/act-2000-099#GS66@Hpa@EN) Every licensed insurer and self-insurer is to provide the Board with such returns, at such times and in such manner, as the Board determines. > > > (2)  A licensed insurer or self-insurer – > > > > > > (a) who fails to furnish a return that the licensed insurer or self-insurer is required to furnish under this section; > > > > > > > (b) [*\[Section 114 Subsection (2) amended by No. 99 of 2000, s. 66, Applied:01 Jul 2001\]*](/view/html/inforce/2001-07-01/act-2000-099#GS66@Hpb@EN) who fails to furnish such a return within such time and in such manner as the Board determines; or > > > > > > > (c) who, in such a return, makes a statement that is false or misleading in a material particular – > > > > is guilty of an offence and is liable on summary conviction to a fine not exceeding 20 penalty units. > > > (3)  Every licensed insurer and self-insurer shall keep such records as may be prescribed in the regulations. > > > (4)  A licensed insurer or self-insurer who fails to comply with [subsection (3)](#GS114@Gs3@EN) is guilty of an offence and is liable on summary conviction to a fine not exceeding 20 penalty units. > > > (5)  [*\[Section 114 Subsection (5) inserted by No. 99 of 2000, s. 66, Applied:01 Jul 2001\]*](/view/html/inforce/2001-07-01/act-2000-099#GS66@Hpc@EN) For the purposes of this Division, the Crown in right of this State, is taken to be a self-insurer.