WORKERS COMPENSATION REGULATION 2002 - REG 74 Information on working out premiums—Act, s 145J (c) and (e)
WORKERS COMPENSATION REGULATION 2002 - REG 74
Information on working out premiums—Act, s 145J (c) and (e)(1) It is a condition of an insurer licence that—
(a) on written request by the regulator, the insurer gives the regulator, in writing, any relevant information about how the insurer works out premiums for compulsory insurance policies; and
(b) the insurer must give information under paragraph (a) within the period stated in the request that is not less than 21 days after the day the regulator asked for the information.
(2) In this section:
"relevant information" means information the regulator is satisfied on reasonable grounds will help the regulator to decide whether premiums are being worked out in accordance with the principles for working out premiums under section 75.