sch.A-div.K-sdiv.74Insurance

sch.A-div.K-sdiv.74 Insurance

Subdivision 74 Insurance

| Column 1Group | Column 2Class | Column 3Title and Description | Column 4Rate | | 741 | | Life Insurance and Superannuation Funds | | | | 741100 | Life Insurance | 0.50% | | | | This class includes employers engaged in providing life insurance cover. | | | | | Exclusions and References:Superannuation funds managed by life insurance companies are included in Class 741200 Superannuation Funds. This exclusion does not relate to statutory funds of life insurance companies for the purpose of conducting superannuation business—such funds are part of the assets of the life insurance companies. | | | | | Primary Activities: | | | | | Life insurance provision | | | | | Life reinsurance provision | | | | 741200 | Superannuation Funds | 0.50% | | | | This class includes employers of separately constituted funds engaged in providing retirement benefits. | | | | | Exclusions and References:Employers mainly engaged in managing or in carrying out the operations of separately constituted superannuation funds on a commission or fee basis are included in Class 752000 Services to Insurance. | | | | | Primary Activities: | | | | | Approved Deposit Fund (Superannuation) operation | | | | | Pension fund, separately constituted, operation | | | | | Superannuation fund, separately constituted, operation | | | 742 | | Other Insurance | | | | 742100 | Health Insurance | 0.79% | | | | This class includes employers engaged in providing insurance cover for hospital, medical, dental, pharmaceutical or funeral expenses or costs. | | | | | Primary Activities: | | | | | Dental insurance provision | | | | | Funeral benefit provision | | | | | Health insurance provision | | | | 742200 | General Insurance | 0.70% | | | | This class includes employers engaged in providing motor vehicle, fire, marine, comprehensive household or insurance cover not elsewhere classified. | | | | | Exclusions and References:Insurance broking employers of foreign based insurance underwriters, not carrying insurance domestically, are included in Class 752000 Services to Insurance. | | | | | Primary Activities: | | | | | Accident insurance provision | | | | | All risks insurance provision | | | | | Fire insurance provision | | | | | General insurance provision | | | | | Household insurance provision | | | | | Insurance provision nec | | | | | Mortgage insurance provision | | | | | Motor vehicle insurance provision | | | | | Owner’s liability insurance provision | | | | | Reinsurance (except life) provision | | | | | Third party insurance provision | | | | | Travel insurance provision | | | | | Worker’s compensation insurance provision | |