Introduction
The Insurance Companies (Ratings and Inspections) Act 1994 ("the Act") requires insurers (other than certain exempt insurers) to:
- Obtain a rating from an approved rating agency; and
- Register that rating with the Registrar of Companies; and
- Disclose the rating before entering into or renewing a contract of insurance.
This pamphlet is issued as a guide to obtaining, registering and disclosing a rating under the Act.
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