23.1.3  Reputable insurer

The insurances are to be effected and maintained at all times with reputable insurers approved by government and on conditions required by government. When determining whether to accept the insurances proposed by the private party and what conditions it may seek to impose, government may have regard to the rating (if any) of the proposed insurer; the contracting entity of the proposed insurer and their relationship to the ultimate underwriter; the proposed insurer's exposure to other projects of a similar nature in the relevant jurisdiction; and such other matters as government considers relevant in the circumstances.