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Environmental Planning and Assessment Regulation 2000
Historical version for 15 July 2001 to 13 December 2001 (accessed 20 January 2020 at 03:47) Current version
223 Insurers to notify accreditation bodies of certain events
(cf clause 81EE of EP&A Regulation 1994)
(1) An insurer under an automatic run-off contract must cause notice of the following events to be given to each accreditation body responsible for the accredited certifiers covered by the contract:(a) the cancellation of an individual contract,(b) the removal of an accredited certifier’s name from a company contract or partnership contract,(c) the insurer’s refusal to issue a replacement automatic run-off contract naming a particular accredited certifier as an insured where an application for the issue of such a contract has been made to the insurer,(d) the insurer’s failure to issue a replacement automatic run-off contract naming a particular accredited certifier as an insured arising from the fact that no application for the issue of such a contract has been made to the insurer,(e) the settlement of any claim made against the insurer under an automatic run-off contract, together with such details of the settlement as are not the subject of a confidentiality agreement between the parties to the settlement.Maximum penalty: 100 penalty units.(2) The notice is to be given:(a) in the case of action taken by the insurer, at the same time as the action is taken, and(b) in the case of action taken by the insured, within 14 days after the action is taken.