Conditions of registration
10.—(1)  The Authority may at any time add to, vary or revoke any existing conditions of registrationof an insurer or impose any conditions thereto.
[22/73; 11/86]
(2)  Any insurer which fails to comply with any of the conditions imposed by the Authority under subsection (1)or section 8(2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 and, in the case of a continuing offence, to a further fine not exceeding $5,000 for every day during which the offence continues after conviction.
[22/73; 11/86; 30/99; 41/2001]