238Refunds where premiums are returned

#### 238 Refunds where premiums are returned 238 Refunds where premiums are returned > > (1) A general insurer or a person to whom section 236 applies is entitled to a refund of duty if the general insurer refunds, or there is refunded to the person, the whole or a part of a dutiable premium in respect of the contract of insurance for which duty has been paid. > > > (2) The refund is the duty paid on the amount of the premium refunded. > > > (3) A general insurer to whom duty is refunded may apply the amount of the refund to offset any other payment required to be made under this Act by the general insurer.