NSWIn ForceRegulation
Insurance Premiums Order (Retro-Paid Loss Premium Method) 2011–2012
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Insurance Premiums Order (Retro-Paid Loss Premium Method) 2011–2012
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Turn the raw legal text into a practical explanation grounded in Insurance Premiums Order (Retro-Paid Loss Premium Method) 2011–2012.
6 Retro-Paid Loss Premium Method of premium calculation
For the purposes of section 168A of the Act, the alternative method is to calculate the premium for a policy of insurance at the commencement of the period of insurance (the deposit premium), and then recalculate the premium at each adjustment date (the adjusted premium), in accordance with this Order.