You will need this licence if you run an insurance business and intend to provide third-party car insurance policies (also known as a Green Slip). A third-party car insurance policy insures the owner of a motor vehicle against liability for the injury or death of people caused by the owner or driver of the vehicle.
Third-party car insurance is compulsory in NSW and must be taken out when registering a motor vehicle.
The authority will conduct an extensive review of your previous business practices when you submit an application.