(1) An insurer licence
is subject to —
(a) any
conditions prescribed by this Act or the regulations; and
(b) any
conditions (not inconsistent with this Act or the regulations) imposed by
WorkCover WA when the licence is granted or at any time during the currency of
the licence.
(2) WorkCover WA may,
by notice served on a licensed insurer, impose conditions, or further
conditions, on the licence or vary any conditions imposed on the licence by
WorkCover WA.
(3) A licensed insurer
must comply with any condition to which the insurer licence is subject.
Penalty for this subsection: a fine of
$10 000.
(4) A contravention by
a licensed insurer of any condition to which the insurer licence is subject
does not affect any liability of the insurer under a workers compensation
policy issued by the insurer.