Insurance (Prudential Supervision) Act 2010

47 Costs of report


A licensed insurer that makes a request under section 45 is liable to pay to the Bank the reasonable costs incurred by the Bank in obtaining the report or reports under section 46 (and in the case of a joint application, the licensed insurers are jointly and severally liable to pay those costs).


An amount payable under subsection (1) is recoverable as a debt due to the Bank in any court of competent jurisdiction.