(1) In this
section —
workers compensation insurance broker means a
person who engages in a business that includes acting as agent for an employer
in connection with insurance required by this Act ( workers compensation
insurance ).
(2) The regulations
may provide for or with respect to the following —
(a) a
scheme for the registration of workers compensation insurance brokers;
(b)
regulating the conduct of the business activities of workers compensation
insurance brokers in connection with workers compensation insurance;
(c)
prescribing scales of the maximum amount of commission or brokerage that may
be charged or recovered by a workers compensation insurance broker in
connection with workers compensation insurance.
(3) A scheme for the
registration of workers compensation insurance brokers may include provision
for the following —
(a)
eligibility for registration;
(b) the
circumstances in which registration may be refused, suspended or cancelled;
(c)
conditions on registration (including the result of or sanctions for the
contravention of a condition of registration);
(d)
prohibiting a person from engaging in the business of a workers compensation
insurance broker unless the person is registered under the regulations.