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What is the role of the State Insurance Regulatory Authority in the HBC scheme?

We’re the regulator of the HBC scheme, so we will:

  • implement the Government’s reforms to the scheme
  • develop regulations and guidelines
  • set minimum standards for eligibility for HBC insurance
  • decide whether to approve applications from private providers wanting to enter the HBC scheme, and
  • decide whether to approve premiums that licensed providers intend to change builders.