DUTIES ACT 2001 - SECT 366 Apportionment of premiums

DUTIES ACT 2001 - SECT 366

366 Apportionment of premiums

(1) A regulation may state how premiums for insurance are to be apportioned.

(2) A premium or part of a premium must be apportioned under the regulation.

(3) However, the commissioner may, on the written application of an insurer or an insured person, apportion a premium or part of a premium on another basis if the commissioner is satisfied the apportionment on that basis would result in less insurance duty being paid.