sec.362Rate of insurance duty—general and accident insurance

### sec.362 Rate of insurance duty—general and accident insurance The rate of insurance duty imposed on a premium for general insurance or, if section 349 (2) (a) (i) applies, the part of the premium, is— 9% of the premium or part of the premium to the extent to which the premium or part of the premium is paid to effect class 1 general insurance; or 9% of the premium or part of the premium to the extent to which the premium or part of the premium is paid to effect class 2 general insurance. The rate of insurance duty imposed on a premium for CTP insurance is 10c. The rate of insurance duty imposed on net premiums charged for accident insurance is 5%. This section has effect subject to part 4 . s 362 amd 2004 No. 15 s 7 ; 2013 No. 28 ss 16 – 17 (sec.362-ssec.1) The rate of insurance duty imposed on a premium for general insurance or, if section 349 (2) (a) (i) applies, the part of the premium, is— 9% of the premium or part of the premium to the extent to which the premium or part of the premium is paid to effect class 1 general insurance; or 9% of the premium or part of the premium to the extent to which the premium or part of the premium is paid to effect class 2 general insurance. (sec.362-ssec.2) The rate of insurance duty imposed on a premium for CTP insurance is 10c. (sec.362-ssec.3) The rate of insurance duty imposed on net premiums charged for accident insurance is 5%. (sec.362-ssec.4) This section has effect subject to part 4 . - (a) 9% of the premium or part of the premium to the extent to which the premium or part of the premium is paid to effect class 1 general insurance; or - (b) 9% of the premium or part of the premium to the extent to which the premium or part of the premium is paid to effect class 2 general insurance.