127ANominal Insurer Fund

### 127A Nominal Insurer Fund > *\[Section 127A Inserted by No. 43 of 1993, s. 23 \]* > > > (1)  There is established a fund to be known as the Nominal Insurer Fund. > > > (2)  [*\[Section 127A Subsection (2) substituted by No. 48 of 2001, s. 5, Applied:01 Aug 2001\]*](/view/html/inforce/2001-08-01/act-2001-048#GS5@EN) There is to be paid into the Nominal Insurer Fund – > > > > > > (a) [*\[Section 127A Subsection (2) amended by No. 11 of 2002, s. 4, Applied:01 Jan 2002\]*](/view/html/inforce/2002-01-01/act-2002-011#GS4@EN) money received by the Nominal Insurer under [section 128](#GS128@EN) and [section 128A](#GS128A@EN) and [section 131D](#GS131D@EN) ; and > > > > > > > (b) money borrowed by the Nominal Insurer under [section 129A](#GS129A@EN) ; and > > > > > > > (c) any other money received by the Nominal Insurer. > > > (3)  There is to be paid from the Nominal Insurer Fund – > > > > > > (a) all amounts required to be paid by the Nominal Insurer under this Act in satisfaction of any claim or order made, or judgment obtained, against the Nominal Insurer pursuant to this Act or the amount of costs incurred by the Nominal Insurer in relation to any claim or order made, or the proceedings in which any judgment is obtained, against the Nominal Insurer pursuant to this Act; and > > > > > > > (b) [*\[Section 127A Subsection (3) amended by No. 85 of 2009, s. 41, Applied:01 Jul 2010\]*](/view/html/inforce/2010-07-01/act-2009-085#GS41@Hpa@EN) all amounts required to meet the costs and expenses incurred by the Nominal Insurer in or in connection with the performance or exercise of the powers and functions imposed or conferred on the Nominal Insurer by or under this Act; and > > > > > > > (c) [*\[Section 127A Subsection (3) amended by No. 85 of 2009, s. 41, Applied:01 Jul 2010\]*](/view/html/inforce/2010-07-01/act-2009-085#GS41@Hpb@EN) all amounts required to be paid from the Nominal Insurer Fund in accordance with a direction under [section 127C](#GS127C@EN) .