259CInsurer to obtain small business declaration

#### 259C Insurer to obtain small business declaration 259C Insurer to obtain small business declaration > > (1) A small business exemption does not apply to a contract of insurance unless the insurer obtains from the person who effects or renews the contract of insurance a small business declaration. > > > (2) A small business declaration is a declaration by the person, provided in a manner approved by the Chief Commissioner, to the effect that the person is a small business at the time that the contract of insurance is effected or renewed. > > > (3) A person must not provide a small business declaration to an insurer knowing that it is false or misleading in a material particular. > > > > Maximum penalty—100 penalty units. > > > (4) In this section, an insurer includes an agent or employee of an insurer. > > **s 259C:** Ins 2017 No 33, Sch 4 \[4\]. Am 2017 No 67, Sch 1 \[2\].