Insurance Premiums Order (Retro-Paid Loss Premium Method) 2009–2010
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3 Interpretation
3 Interpretation
(1) In this Order, words and expressions have the same meanings as they have in the General Order, unless this Order provides otherwise.
(2) In this Order:
adjustment date, in relation to a policy of insurance, means each of the following dates:
(a) the date that is 15 months after the date of the commencement of the period of insurance (the first adjustment date),
(b) the date that is 24 months after the date of the commencement of the period of insurance (the second adjustment date),
(c) the date that is 36 months after the date of the commencement of the period of insurance (the third adjustment date),
(d) the date that is 48 months after the date of the commencement of the period of insurance (the fourth adjustment date),
(e) the date that is 60 months after the date of the commencement of the period of insurance (the fifth adjustment date).
cost of claims has the same meaning as in Division 4 of Part 20 of the Workers Compensation Regulation 2003.
General Order means:
(a) the Insurance Premiums Order 2009–2010, or
(b) if no such order has been made, the Insurance Premiums Order 2008–2009.
(3) The explanatory note does not form part of this Order.