Section 9.26 — Motor Accident Injuries Act 2017 (NSW)

(cf s 181 MACA)
(1) A licensed insurer and a former licensed insurer must notify the Authority in writing of the occurrence of any of the events or things referred to in section 9.9 (3) (paragraphs (a), (e), (j) and (m) excepted) within 21 days after the event or thing happens (whether within or outside the State).
(2) A licensed insurer must notify the Authority in writing of—
(a) a decrease or proposed decrease in the issued capital of the insurer within 21 days after the decrease or proposal to effect the decrease, and
(b) the receipt by the insurer of any bidder’s statement or target’s statement within the meaning of the Corporations Act 2001 of the Commonwealth.
Maximum penalty—100 penalty units.

Related sections

• s 9.23 — Information and documents as to business and finances to be supplied to Authority by insurers and former insurers
• s 9.24 — Reports about insurers
• s 9.25 — Power of Supreme Court to deal with insurers unable to meet liabilities
• s 9.27 — Proceedings for failure to comply with licence
• s 9.28 — Definitions
• s 9.29 — Government bodies may be approved as self-insurers

Research how courts apply s 9.26

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