MOTOR ACCIDENTS COMPENSATION ACT 1999 - SECT 214
Contributions to Fund by persons to whom third-party policies issued
MOTOR ACCIDENTS COMPENSATION ACT 1999 - SECT 214
Contributions to Fund by persons to whom third-party policies issued
214 Contributions to Fund by persons to whom third-party policies issued
(1) The amount determined under section 213 (d) as the total amount to be
contributed to the Fund under this Part in respect of a relevant period is to
be contributed by the payment to the Authority of a levy (the
"Fund levy" ) by persons to whom third-party policies are issued during the
relevant period.
(2) The Fund levy is to be an amount determined by the
Authority. The Fund levy can be determined as a fixed amount or as a
percentage of the premium payable for a third-party policy, or as a
combination of a fixed amount and percentage of premium.
(3) A Fund levy can
be determined to differ according to any classification or other criteria for
the determination of third-party policy premiums as provided for by the
Motor Accidents Premiums Determination Guidelines under Part 2.3.