If an insurer has been given a preliminary notice under section 59ZE or a recovery notice under section 59ZG in relation to the insurer's liability, or possible liability, to indemnify a compensation payer against a liability arising from a claim for compensation:
(a) the insurer is not liable to indemnify the compensation payer against that liability; and
(b) the compensation payer is not liable to pay that compensation;
while the notice has effect.