Western Australian Numbered Acts

WORKERS COMPENSATION AND INJURY MANAGEMENT ACT 2023 (NO. 21 OF 2023) - SECT 234

234 .         Specialised insurers

        (1)         WorkCover WA may grant an insurer licence subject to a condition (a specialised insurer condition ) that limits the insurance business carried on pursuant to the licence to a particular industry or class of business or employer.

        (2)         An insurer licence cannot be granted subject to a specialised insurer condition unless WorkCover WA is satisfied —

            (a)         that the insurance business to be carried on pursuant to the licence will be limited to a particular industry or class of business or employer; and

            (b)         that the insurance business to be carried on pursuant to the licence will not have an adverse effect on the efficiency of the workers compensation scheme under this Act generally; and

            (c)         as to any other matters WorkCover WA considers relevant.

        (3)         An application for an insurer licence may be made conditional on the licence being granted subject to a specialised insurer condition.

        (4)         WorkCover WA may, at any time by notice in writing to a licensed insurer, vary the terms of or cancel a specialised insurer condition to which the licence is subject.

        (5)         The cancellation of a specialised insurer condition is grounds for the suspension or cancellation of the relevant insurer licence under this Subdivision.