sec.366Apportionment of premiums

### sec.366 Apportionment of premiums A regulation may state how premiums for insurance are to be apportioned. A premium or part of a premium must be apportioned under the regulation. 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. (sec.366-ssec.1) A regulation may state how premiums for insurance are to be apportioned. (sec.366-ssec.2) A premium or part of a premium must be apportioned under the regulation. (sec.366-ssec.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.