62ZZCharges

62ZZ Charges

62ZZ Charges

(1) A licensed provider must not charge or collect an amount to provide alternative indemnity product cover, except in accordance with this Part.

(2) The licensed provider must file with the Authority the amount proposed to be charged for alternative indemnity product cover.

(3) The licensed provider may, on and from the proposed commencement date for the charge, request payment for a charge that has not been rejected by the Authority within the period allowed under this clause for rejecting a charge. Except as provided by clause 62ZZB, the provider must not demand payment of any other charge on and from that proposed commencement date.

(4) The proposed commencement date for a charge is the date specified in a filed charge as the date on and from which the proposed charge will be charged. The proposed commencement date cannot be earlier than the end of the period allowed for rejecting a charge but can be changed (with notice to the Authority) to accommodate a change in the period allowed for rejecting a charge.

(5) The period allowed for rejecting a charge is the period specified in the Insurance Guidelines.

(6) A charge may only be rejected as provided by this clause or clause 62ZZB.

Parts 6B (cll 62A–62ZZC): Ins 2017 (705), Sch 1 [18].