Queensland Consolidated Acts
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MOTOR ACCIDENT INSURANCE ACT 1994 - SECT 70
Accounts and returns of licensed insurers
70 Accounts and returns of licensed insurers
(1) A licensed insurer must keep the accounting and other records about its
business, and its financial position, that may be required by this Act or the
industry deed.
(2) The regulations may prescribe accounting or other
standards with which the records must comply.
(3) A licensed insurer must
file returns and other documents with the commission as required by the
industry deed or regulation. Penalty— Maximum penalty—150 penalty
units.
(4) The regulations may require that returns or accompanying
documents be certified by an auditor or actuary.
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