Other than as provided by section 100 , on cancellation of a licence—
(a) the self-insurer’s functions and powers under section 92 or 92A end; and
(b) for all applications for compensation held by the former self-insurer immediately before the cancellation—(i) the former self-insurer must immediately give WorkCover all documents relating to the applications; and(ii) WorkCover has all its functions and powers; and
(c) an application for compensation that, other than for this section, would have been lodged with the self-insurer, must be lodged with WorkCover; and
(d) WorkCover replaces the self-insurer for any proceeding being taken, or that may be taken, by a claimant or worker against, or by, the self-insurer as an insurer in relation to the claimant or worker; and
(e) WorkCover has the rights, and assumes the obligations, of the self-insurer under the contract of reinsurance.
Penalty—Maximum penalty for paragraph (b) (i) —200 penalty units.